I view sentiment as secondary indicators but as sentiment
reaches extreme levels take note - respect price first and foremost
while be aware of the backdrop. Sentiment can continue to
remain elevated for longer and thus wise to focus on price as
primary indicator.
Thanks for reminding about this Steve, I had somehow forgotten
about it. Will keep it front of mind as there are points where I
know being disciplined is the right thing and price is most
important, risk/reward, etc., though the market doesn't seem to
care. Patience has rewarded me in my plan rather than trying to
force things over time.
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Fear and Greed Gauge
Posted by steve on 28th of Nov 2020 at 10:49 am
https://money.cnn.com/data/fear-and-greed/
I view sentiment as secondary indicators but as sentiment reaches extreme levels take note - respect price first and foremost while be aware of the backdrop. Sentiment can continue to remain elevated for longer and thus wise to focus on price as primary indicator.
Thanks for reminding about this
Posted by fundamentalvalues on 2nd of Dec 2020 at 07:56 am
Thanks for reminding about this Steve, I had somehow forgotten about it. Will keep it front of mind as there are points where I know being disciplined is the right thing and price is most important, risk/reward, etc., though the market doesn't seem to care. Patience has rewarded me in my plan rather than trying to force things over time.