as far as emotions, there are two main drivers in the market,
fear and greed. However they are not yin and yang, equal in
power and do not exhibit the same moves in the market.
Just like the market, major stops and bottoms tend to be way
different.
Market bottoms tend to be quick spikes, 1 day events,
while topping is more of a process! That's why it's easier to
pick bottoms then picking tops
Fear is stronger then greed IMO and that's why you typically see
the market go up and up and up for 3 months, and then give up all
that 3 months of gains in just a few days pullback when fear comes
into the equation. Gravity is always stronger, it's much
easier to melt down then to melt up.
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as far as emotions, there
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Posted by matt on 7th of Feb 2011 at 11:20 am
as far as emotions, there are two main drivers in the market, fear and greed. However they are not yin and yang, equal in power and do not exhibit the same moves in the market.
Just like the market, major stops and bottoms tend to be way different. Market bottoms tend to be quick spikes, 1 day events, while topping is more of a process! That's why it's easier to pick bottoms then picking tops
Fear is stronger then greed IMO and that's why you typically see the market go up and up and up for 3 months, and then give up all that 3 months of gains in just a few days pullback when fear comes into the equation. Gravity is always stronger, it's much easier to melt down then to melt up.