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My take for Tuesday


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#1 diogenes227

diogenes227

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Posted 12 September 2017 - 08:17 AM

FROM FEAR TO NEW HIGHS

 

From the link:

 

 

So what now?

 

Fear and Greed at neutral and the indexes already knocking the highs.  There is a good chance the market goes higher, dragging sentiment, as measured by this index, back into the greed zone (see the red line on the chart below) as the indexes register more new highs and stocks generally stay strong.

 

All three of the daily signals – price, breadth, volatility – are back on buys as long-term breadth entered its third positive week.

Edited by diogenes227, 12 September 2017 - 08:19 AM.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."