just a couple of weeks ago there were dark forecasts everywhere, planets in conjunction and disjunction, stars exploding and volcanos erupting. And what do the American indexes do ? They rise. The wall of worries is necessary just for that....just for rising
American indexes up......what else ?
#1
Posted 19 October 2021 - 01:07 PM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
Posted 19 October 2021 - 01:21 PM
i would be very surprised if the market wasnt down hard tomorrow to mark the full moon.......the cnn fear greed index is now in the greed zone....in the event that 36000 is reached today a decline tomorrow would appear to be a safe bet after that the end result shud be higher prices
#3
Posted 19 October 2021 - 01:38 PM
#4
Posted 19 October 2021 - 01:39 PM
#5
Posted 19 October 2021 - 02:51 PM
i would be very surprised if the market wasnt down hard tomorrow to mark the full moon.......the cnn fear greed index is now in the greed zone....in the event that 36000 is reached today a decline tomorrow would appear to be a safe bet after that the end result shud be higher prices
did I hear that right, DOWN omg......lol Sorry gotta rib ya on that one lol!!
#6
Posted 19 October 2021 - 03:00 PM
i would be very surprised if the market wasnt down hard tomorrow to mark the full moon.......the cnn fear greed index is now in the greed zone....in the event that 36000 is reached today a decline tomorrow would appear to be a safe bet after that the end result shud be higher prices
look who's becoming an astrologer now, lol. I thought this domain was reserved for Blu and his uranus.
#7
Posted 19 October 2021 - 04:24 PM
the problem to me is that....being in the greed zone is not a warranty for a decline to start. Because the question is....for how long can the indexes stay in the greed zone before taking a correction ? If we had an indicator oscillating between two levels and turning to the other one everytime the opposite is touched....well it would be too easy for anyone, we would have found paradise. Unfortunately I haven' t yet seen such a precise indicator, so I help myself with other weapons besides the fear and greed indicators which are good but not to take as a safe heaven exactly because a bull market tends to stay overbought and so do the greed indicators. I think in a bull market the fear zone can give more solid indications that the greed one because in a bull market you don' t remain in the oversold zone for so long. It's more an affair of a touch and go.......to the opposite direction. Just my thoughts though....
in other words....for sure declines start from the greed zone, but you never know how long you remain in the greed zone before starting to correct.......
Edited by andr99, 19 October 2021 - 04:27 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
#8
Posted 19 October 2021 - 07:26 PM
i would be very surprised if the market wasnt down hard tomorrow to mark the full moon.......the cnn fear greed index is now in the greed zone....in the event that 36000 is reached today a decline tomorrow would appear to be a safe bet after that the end result shud be higher prices
did I hear that right, DOWN omg......lol Sorry gotta rib ya on that one lol!!
i have a lotta arrows in my quiver this is one of them https://www.tradingv...com/x/6bI5ZwhB/
#9
Posted 20 October 2021 - 11:18 AM
These days declines tend to happen due to panic over some "unpredictable" perceived systemic failure. The market may just keep pushing it's luck until something breaks.
.
#10
Posted 21 October 2021 - 07:46 AM
I'll keep saying it....watch the Mega Caps
They are in perfectly ripe position for crash like action off a failure wave to the upside...
It may not happen if we continue higher from here, but if the FAANG basket tracker, that has LED the entire way up, and is now LAGGING badly, does indeed turn over right in this area, late October into November could get ugly....
5340 is the pivot line to watch...if that gets reclaimed by bears, then FAANG could easily start crash sequence off the failed swing high....
Edited by K Wave, 21 October 2021 - 07:47 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy