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.
You are mixing your perception
If you have been around long enough, you will remember ...
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.