Posted by fredsaid on 23rd of Feb 2021 at 12:05 am
Don't think we are there yet unless people start dropping like
flies from the vaccines ... I don't expect that news or something
equivically nutso (like an early Fed Funds increase) to hit
till the fall but it sure looks like it right now don't it ?
Posted by chartboy on 23rd of Feb 2021 at 06:45 am
You are mixing your perception of fundamentals with
technicals.
I will take the evidence provided by a 20+ year chart pattern
that is several standard deviations from the norm over any opinions
of the fundamentals 100% of the time.
I was literally one of the world largest traders of semis (by
daily volume) at the time of the last top in 2000. Believe me, the
funds that doing the buying, like Janus, were not operating on
fundamentals. They were just operating as a function of money
flows.
Don't think we are there
If you have been around long enough, you will remember ...
Posted by fredsaid on 23rd of Feb 2021 at 12:05 am
Don't think we are there yet unless people start dropping like flies from the vaccines ... I don't expect that news or something equivically nutso (like an early Fed Funds increase) to hit till the fall but it sure looks like it right now don't it ?
You are mixing your perception
Posted by chartboy on 23rd of Feb 2021 at 06:45 am
You are mixing your perception of fundamentals with technicals.
I will take the evidence provided by a 20+ year chart pattern that is several standard deviations from the norm over any opinions of the fundamentals 100% of the time.
I was literally one of the world largest traders of semis (by daily volume) at the time of the last top in 2000. Believe me, the funds that doing the buying, like Janus, were not operating on fundamentals. They were just operating as a function of money flows.
Great insight - thanks Chartboy.
Posted by z0ned on 23rd of Feb 2021 at 06:58 am
Great insight - thanks Chartboy.