A few months ago, I published an article on the US stock market. I was quite confident that US stock prices were going to go down soon. And... I was wrong and punished. The market went up and I lost money. In this article, I am not trying to predict the market. What I want to do is to show, using a few charts, the current overbought and overcrowded state of the US stock market. However, it does not mean the market is going to crash. First of all, we are still in a bull market in stocks. In such a case, the following old rule, taken from the legendary speculator Jesse Livermore, is valid:
"Mr. Partridge, would always politely tell the younger speculators who asked him trading questions that it was a bull market. The young speculators were always eager to trade, but Partridge was old and
