New all time highs Friday.
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Posted 17 February 2019 - 05:19 PM
Looks like a lot of data covered there.
When NYAD reaches new ATH's, then price will follow, and without a big correction first. The price action off the Dec. lows looks like 2017 again, bull market with small pullbacks along the way. Not really sure what happens after that. Most are still looking for new lows at some point, few even consider significant new highs.
Here is what I think might happen from here, or something similar:
Edited by CLK, 17 February 2019 - 05:19 PM.
Posted 18 February 2019 - 08:36 AM
Because known fundamentals (conventional wisdom) runs about 6-8 weeks behind the actual commitment of investment capital.
Putting it another way, technical analysis allows the student to cheat in knowing what the future fundamentals are likely to be before everyone else does.