Thanks for posting this. I read many articles suggesting
temporary top has arrived but no major correction, new high will
come later this year and next year.
There are lots of articles - some say new highs some say crash -
The best way is to look at the charts in all time frames.
last New high to 1730 was never confirmed by RSI and MACD. RSI
is esp very important indicator.
On a fundamental basis also, big guys like Buffett and Icahn
have said market is fully valued. We came up from 1100 to 1700 in 1
year. Thats one more thing we need to look at.
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Thanks for posting this. I
DE JAVU ??
Posted by seattle on 28th of Sep 2013 at 09:01 pm
Thanks for posting this. I read many articles suggesting temporary top has arrived but no major correction, new high will come later this year and next year.
Short term maybe it's time to go short.
There are lots of articles
Posted by rose123 on 29th of Sep 2013 at 10:26 am
There are lots of articles - some say new highs some say crash - The best way is to look at the charts in all time frames.
last New high to 1730 was never confirmed by RSI and MACD. RSI is esp very important indicator.
On a fundamental basis also, big guys like Buffett and Icahn have said market is fully valued. We came up from 1100 to 1700 in 1 year. Thats one more thing we need to look at.