Classic example of how an overbought mkt can become even more overbought. And a classic example
of don't fight the tape.
MKT
Started by
4caster
, Dec 19 2023 11:13 AM
5 replies to this topic
#2
12SPX
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Posted 19 December 2023 - 04:38 PM
Except this isn't an overbought market, its a ridiculous market with having no volatility. Very unhealthy move indicating that its uglier underneath then it looks!!
#3
4caster
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Posted 20 December 2023 - 08:22 AM
Every indicator I follow is in seriously overbought territory and last week the AAII readings
gave a sell signal with the Bull reading above 50 and the Bear reading below 20.
#4
qqqqtrdr
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Posted 21 December 2023 - 09:03 AM
I have a mild overbought and a Strong upward trend indicator. Until the trend weakens some I would recommend staying long or we get strongly overbought.
#5
4caster
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Posted 21 December 2023 - 12:02 PM
I'd be interested in looking at a chart of your indicator. If it's not proprietary could you put it on here?
#6
12SPX
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Posted 21 December 2023 - 12:27 PM
Yes would love to see it...
