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Trading Signal
Started by
IYB
, May 29 2023 02:06 PM
2 replies to this topic
#1
IYB
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Posted 29 May 2023 - 02:06 PM
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
RadioHead
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Posted 29 May 2023 - 06:56 PM
That is the reason I am on the bearish side lately. Internals are very bad. Remembering 1999-2000, though, it can last a while before it hits the fan. It can happen next week or last another couple of months. A rally in SPX based on a handful of big tech stocks usually ends badly. Dont get me wrong, I like those tech companies and we all use their products, but they are very expensive and are not joined by the majority of stocks.
#3
da_cheif
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