Re: Bear Cave 2 (Bull Allowed)
Originally Posted by
Bullitt
Amazing how little it takes to the downside to make markets "oversold" nowadays. Based on that chart from sentimentrader, there haven't been too many periods as "oversold as this, but I guess that's a testament to how generous this market has been to those taking bullish bets - unless you've taken bullish bets on anything ARKK this year.
That is why I went to trend trading Brother. Indexes can stay at extremes (oversold or overbought) for longer then most can hold on.
“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
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