Notice the Squeeze Index - Highest since the 2000 crash
Daily needs to go below the zero line
Posted 01 August 2020 - 11:10 AM
Notice the Squeeze Index - Highest since the 2000 crash
Daily needs to go below the zero line
Posted 01 August 2020 - 01:47 PM
Dex, since you're fishing, I'll bite. What the heck is the "Squeeze Index" and how do you calculate it? GOOGLE, despite its good earnings, couldn't give me an answer, and I couldn't find it in a quick wander around the TradingView website. Thanks.
Regards,
Douglas (indicator junkie always looking for another fix)
Posted 01 August 2020 - 02:44 PM
That most closely resembles late 1998...could be a loong way to go before that crash comes...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 01 August 2020 - 02:45 PM
Posted 01 August 2020 - 03:02 PM
Daily needs to go below the zero line
Do you have an SPX update?
Did it turn light green on Friday?
Edited by K Wave, 01 August 2020 - 03:02 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 01 August 2020 - 03:55 PM
Posted 01 August 2020 - 03:57 PM
Posted 01 August 2020 - 04:16 PM
Notice the Squeeze Index - Highest since the 2000 crash
Daily needs to go below the zero line
Dex, I know many here ignore funnymentals, but it is different now compared to 2000.
Let us see how it is different....
1. in 2000 internet bubble was floating on small or zero earnings. Many companies simply had only plans on paper, with zero revenues. in 2020 the mega corporations are swimming in actual profits.
2. Interest rates are microscopic now compared to 2000. NOPES rules! (no other place except stocks)
3. Just 5 short months ago US economy was bigger than any in history of world. The GDP downturn was not due to economic factors, it was caused by forced shutdown.
4. FED is not shy in 2020 about their intention to carpet bomb the people with money.
5. Congress and the president are willing to print whatever it takes.
6. Doctors have much more knowledge now how to treat covid-19 patients, compared to 5 months ago. All the charts k-wave has posted clearly show progress in visible against covid-19.
Edited by pdx5, 01 August 2020 - 04:20 PM.
Posted 01 August 2020 - 04:43 PM
Posted 01 August 2020 - 06:18 PM
Nasdaq hasn't gone parabolic yet. I think it might on this next wave though.
"When your position is underwater, average down" - Professional Trader