The herd is back and they are all talking about the head and shoulders top... again. The last time head and shoulders top was discussed similar to this, was after the May "Flash Crash" in June/July/August 2010. It only took about a.... year!
hm..investors intelligence with 49% bulls....market harmonics nasdaq sentiment index with the highest reading since april 2000..contrarians are worried
While 49% bulls on II is high, it is not extreme just yet. Equity markets keep testing us all, sending a massage here and there of a potential bear market around the corner. But until we see signs of breadth breakdown, I'd stay the course at being bullish in a bull market.
hm..investors intelligence with 49% bulls....market harmonics nasdaq sentiment index with the highest reading since april 2000..contrarians are worried
ReplyDeleteWhile 49% bulls on II is high, it is not extreme just yet. Equity markets keep testing us all, sending a massage here and there of a potential bear market around the corner. But until we see signs of breadth breakdown, I'd stay the course at being bullish in a bull market.
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