vlad.adrian
Long

US stock market = a bull market

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVERAGE ETF
199 3 5
Whenever the market makes a retracement, it is time to buy. This is the way the stock market has been acting for the last years. 'This is an artificial market', "We will repeat 2008", 'P/E ratios are too high' and all that nonsense pushed this market higher and higher.

Oversold readings of Force Index have made perfect entries in this bull market. The arrows pointing at the volume waves are telling the same story. What should have been bearish changes in behavior, were actually large selling efforts without any gains.

The impulse is green again, and at this point, one should look only at the long side of this market.
Brilliant diagnosis! It's painful to see irrational/pathological ideas from some top guys here. Which begs the question why. You have a good answer.... Egoism/narcissism/self aggrandizement. Plus money isn't important... Absolutely not! 'Money is the root of all evil'... We're all staring at charts for fun/intellectual curiosity/they banned politics/porn on the internet/ (which they really do in Turkland) & we still didn't discover any other interests other than bracing for the financial end times.

Assuming we're all trying to get by- earning to pay our way... I'd say they have no idea.
Reply
Totally agree! I don't see why some people spend their years and months trying to call the top of stocks heralding a new bear era choosing to ignore how the system works.
+1 Reply
For a simple reason, because people want to be right! Instead of wanting to make money, they want to be right, they want to be the ones that called the top. Think about it this way; making money in this bull market had a simple rule, buy on a correction, hold on tight, and then sell after the market gets high. This is dull. But imagine if you would have called the top! You called the top, you beat the market, you shorted right at the top. You were one step in front of the market. You can now gloat to your friends, to your coworkers how you predicted the great market crash. Isn't this exiting? Instead of buying on a correction 'like all the other fools' you knew the market was over extended, you knew there was no value, and you knew when the top was in place. Human nature. Unfortunately, this strategy seldom works, and being excited in the market equals to losing money in the market.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out