one other comment, a buddy of mine who has developed some
interesting sentiment indicators, his stuff has been showing all
through the fall that traders keep getting way too bearish on any
little pullback in the market. Basically you get even 1 day
pullback and everyone is super bearish again. Honestly that's not
how tops are formed, you need complacency
basically traders know the market is overbought and keep looking
to catch the top but it doesn't work that way
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one other comment, a buddy
Comments on market
Posted by matt on 4th of Dec 2019 at 02:17 pm
one other comment, a buddy of mine who has developed some interesting sentiment indicators, his stuff has been showing all through the fall that traders keep getting way too bearish on any little pullback in the market. Basically you get even 1 day pullback and everyone is super bearish again. Honestly that's not how tops are formed, you need complacency
basically traders know the market is overbought and keep looking to catch the top but it doesn't work that way