Would you say PXD is in a wave 5 currently? I looked back 10 years to try to count it correctly!?!

From what I can tell, it's likely in a major wave 5. My biggest concern for it is its astronomical trailing and forward P/E's.

I saw those too, and wanted to ask you about that...how can those even be that high???

Remember, investors are the most irrational/emotional near market tops.