Classic example of how an overbought mkt can become even more overbought. And a classic example
of don't fight the tape.
Posted 19 December 2023 - 11:13 AM
Classic example of how an overbought mkt can become even more overbought. And a classic example
of don't fight the tape.
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!!
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.
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.
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?
Posted 21 December 2023 - 12:27 PM
Yes would love to see it...