Re: Bear Cave 2 (Bull Allowed)
LOL..... Yep..... the trend remains up..... IWM back above the 10 DMA, but I use the closing prices for my trend trading system. I'm just watching the show today.
SentimenTrader
@sentimentrader
51m
This "Energizer" rally just keeps rolling, despite extreme sentiment
Click the link below to see the chart hitting extremes....
https://twitter.com/SentimenTrader
Notice you will see something that looks like a "W" pattern as the market tops on the chart above. (Look at the dumb money/ smart money confidence level spread) Something I have used for years in my trading. Now look at the current pattern since they started "NOT QE" The patterns are clear, and the trend remains up.... The reasons don't matter to me, but the current patter is a result of the Fed in my opinion.... The MT risk level has been at a 8 or a 9 for the longest run ever based on the data for back testing..... Another extreme....
Last edited by robo; 01-13-2020 at 01:04 PM.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Bookmarks