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Posted 05 March 2023 - 04:34 PM
SteveB, myanus doesn't predict market moves, though sometimes it does react to them.
Wonder how last week's hammer will compare to the one in July and the hanging man in August. If the retail breakout is the real McCoy, then maybe we are entering the crack-up boom phase, in which case the fed has totally ruined our world. Hopefully not.
Member
Posted 05 March 2023 - 05:16 PM
Meant to mention that Randy published a video last week discussing where we stand and his view of where we might be headed. It's not too bad if viewed at 130% speed. Audio's a little scratchy at the start but it clears up.
https://www.youtube....h?v=zseLxOHlboc
his homepage: https://rightsideofthechart.com/
Well, Mr. Market closed the week with his usual tactfulness.
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Member
Posted 06 March 2023 - 11:15 AM
AAII is showing 23.4% Bullish and 44.8% Bears. This is a considerably more Bearish and a little more Bullish in a sloppy market. This is ST Bullish and, if we are trading like a bull, IT Bullish. Last week they were 21.6% Bullish and 38.6% Bearish.
I have no evidence to imply that this market is not trading like a Bull.
there is a plethora of bullish evidence.....watch the sky
Member
Posted 06 March 2023 - 11:19 AM
in a world wide economic boom of unparalleled proportions..rising markets rising rates and thus rising inflation are all part of the bulliish equation
Member
Posted 10 March 2023 - 12:32 PM
Steadyquest I feel for you. Down is up. Left is right. Wrong is right. Bearish is bullish. Bullish is.bullish. But there are 2 very reliable indicators I have discovered here on TT. In bear markets the watch the sky posts strongly correlate with market tops. And equally useful, in bull or bear markets, when Uranus predicts any market move the market moves exactly the opposite of the prediction.
I just checked, the latest Watch the Sky post was on March 6, another ST market top. This is becoming my best indicator! It does make me think sentiment is a contrary indicator only in bull markets. Knowing when you are no longer in a bull market is the hard part.
