This market can continue to make new highs, "irrational exuberance" as Greenie coined the term in 1996, those shorting this market are suffering right now. It's just not done - - - - till it's done.
OPPOSITE of the teaching that the wise old trader advised to the young rookie trader: "don't try to catch falling daggers, let them stick in the floor first and stop quivering".
I'll be studying trading volume levels on the daily and weekly chart to gain more insight as to when this market likely tops.
"“The leadership is battling against weaker performance in the near term, and what has been selling off, so the creation of new lows has an easier glide path than the creation of new highs with today’s leadership,” he said."
"30 S&P 500 stocks hit new lows, while only seven reached fresh highs. The last time the index advanced at least 1% to within 1% of a new 52-week high as new lows outnumbered new highs was December 21, 1999, a few months before the Dotcom Bubble top."
This market can continue to make new highs, "irrational exuberance" as Greenie coined the term in 1996, those shorting this market are suffering right now. It's just not done - - - - till it's done.
OPPOSITE of the teaching that the wise old trader advised to the young rookie trader: "don't try to catch falling daggers, let them stick in the floor first and stop quivering".
I'll be studying trading volume levels on the daily and weekly chart to gain more insight as to when this market likely tops.
Anyone that can predict this will not be sharing it for free online
"“The leadership is battling against weaker performance in the near term, and what has been selling off, so the creation of new lows has an easier glide path than the creation of new highs with today’s leadership,” he said."
Well, that's totally clear, then.
"30 S&P 500 stocks hit new lows, while only seven reached fresh highs. The last time the index advanced at least 1% to within 1% of a new 52-week high as new lows outnumbered new highs was December 21, 1999, a few months before the Dotcom Bubble top."