excellent! the market fools the technical traders to buy at all year high.
The market tops when the bulls still see a lot upside, and the bears have capitulated.
The opposite is true at bottoms: everything is dark and the bears are kings.
now the bulls have been kings for 14 months, time for a little break. Right now I see a maximum upside of 10% for SP500 while the downside is 30% in the coming months.
2 comments:
Careful...watch GS...and IBM...hard for market to rally with those down.
excellent! the market fools the technical traders to buy at all year high.
The market tops when the bulls still see a lot upside, and the bears have capitulated.
The opposite is true at bottoms: everything is dark and the bears are kings.
now the bulls have been kings for 14 months, time for a little break.
Right now I see a maximum upside of 10% for SP500 while the downside is 30% in the coming months.
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