I agree price is king, it's just that you have stated over the
last couple months that market tops are usually not formed when
there is a low level of bullish sentiment. I agree with that but
then there is other data like some of the indicators you post and
from the 2 articles I did that indicates most are very bullish so
there seems to be sentiment data that contradicts itself. Maybe its
a question of pick the data that correlates with your market view
LOL
Majority of professionals make wrong conclusions about this
market. This fact has held true for the last seven years or so. The
majority are always wrong on the market, this is how it works.
What has worked for me in these conditions is automated systems,
which deliver unbiased conclusions. Even technical analysis does
not always work in this market.
Gold has behaved like a currency lately, and it does not always
trade technically. It seems that the indexes behave like a currency
too recently for reasons that no one is willing to speak loudly.
Very few understand what is going on in Europe, and that's a big
hint. Good luck!
Yep and the market went higher over the last couple months did
it not? For example, if you listened to Hulbert you missed
nearly 200 SPX points. My advice is to avoid these
prognosticators and focus on Price Action (valid triggers) that
correspond with your style. Have a stop in place and adjust
accordingly as evidence changes.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I agree price is king,
It seems many people are actually quite bullish, I know ...
Posted by victorh on 17th of Dec 2019 at 04:49 pm
I agree price is king, it's just that you have stated over the last couple months that market tops are usually not formed when there is a low level of bullish sentiment. I agree with that but then there is other data like some of the indicators you post and from the 2 articles I did that indicates most are very bullish so there seems to be sentiment data that contradicts itself. Maybe its a question of pick the data that correlates with your market view LOL
Majority of professionals make wrong
Posted by junkie on 17th of Dec 2019 at 05:57 pm
Majority of professionals make wrong conclusions about this market. This fact has held true for the last seven years or so. The majority are always wrong on the market, this is how it works.
What has worked for me in these conditions is automated systems, which deliver unbiased conclusions. Even technical analysis does not always work in this market.
Gold has behaved like a currency lately, and it does not always trade technically. It seems that the indexes behave like a currency too recently for reasons that no one is willing to speak loudly. Very few understand what is going on in Europe, and that's a big hint. Good luck!
Yep and the market went
Posted by steve on 17th of Dec 2019 at 04:56 pm
Yep and the market went higher over the last couple months did it not? For example, if you listened to Hulbert you missed nearly 200 SPX points. My advice is to avoid these prognosticators and focus on Price Action (valid triggers) that correspond with your style. Have a stop in place and adjust accordingly as evidence changes.