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The Breaking Point


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#1 IYB

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Posted 11 June 2024 - 09:09 AM

The Breaking Point, June 9, 2024


“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 OEXCHAOS

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Posted 11 June 2024 - 11:09 AM

This one has been bothering me for a couple weeks now.

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#3 4caster

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Posted 11 June 2024 - 03:34 PM

If you look at ADLINENDX and ADLINEOEX you'll see a much different situation. Those are the stocks driving this mkt.



#4 slupert

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Posted 11 June 2024 - 07:46 PM

If you look at ADLINENDX and ADLINEOEX you'll see a much different situation. Those are the stocks driving this mkt.

whn it breaks, the market will not have the breadth to save it, Tha's wha's important.



#5 4caster

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Posted 12 June 2024 - 10:42 AM

Yes, breadth matters. But it's important to look at the breadth of all of the indices, not just the NYAD.

Until the NDX and OEX break, fading this puppy could be harmful to one's financial net worth.