Just a quick word on sentiment - if you study such readings in
2008 and 1990 you will see the the market still several lower lows
over time (same with divergences) so please take heed and focus on
PRICE.
Prior readings over 60 - this is a BEAR MARKET and thus one must
adjust their thinking
Good insight, thanks Steve. I found it interesting that the
spreads are still showing as "greedy". Shows just how difficult
this kind of market is day to day.
Just a quick word on
AAII Sentiment, a bearish high on the weekly votes: https://www.aaii.com/sentimentsurvey With ...
Posted by steve on 22nd of Sep 2022 at 10:41 am
Just a quick word on sentiment - if you study such readings in 2008 and 1990 you will see the the market still several lower lows over time (same with divergences) so please take heed and focus on PRICE.
Prior readings over 60 - this is a BEAR MARKET and thus one must adjust their thinking
Good insight, thanks Steve. I
Posted by fundamentalvalues on 22nd of Sep 2022 at 10:46 am
Good insight, thanks Steve. I found it interesting that the spreads are still showing as "greedy". Shows just how difficult this kind of market is day to day.
I think that "Greedy" is
Posted by mastermind on 22nd of Sep 2022 at 10:53 am
I think that "Greedy" is supposed to be contrarian - as in "be greedy when others are fearful (bearish)"