Hey All, Obviously I'm not making the claim this is the very top of the market but with the euphoria in the markets about the Fed not tapering, buy the dip mentality and the excessively high valuations it should rise a few red flags on the long term look of the market. just simply looking at the bigger overall trend of the market shows this is the blowoff on a much bigger bull market and we are over 40% higher then the mean trend. i dont feel like we are going to fall 40% though. It's more likely we have a correction of 15-20% and stagnate while inflation goes through the economy.
Food for thought could be worth while looking at the heavily discounted areas of the market.
Food for thought could be worth while looking at the heavily discounted areas of the market.
Comment:
Big Engulfing Bearish candle on the monthly could be the start of a decent correction
