Quote from Wide Tailz:
First comes speed, then endurance, then accuracy, then power.
When in doubt, get out. You can always get back in.
On the other hand, stops too tight will demolish an otherwise profitable operation.......
In 2008 there were several warnings after the market topped, the most obvious being the indices closed below their 50 SMAs.
Before that there was obvious divergence in macd & rsi, sentiment was uuber bullish, and no one could afford a house without an exotic loan.
Before that, housing sales volume dried up and realtors had to offer free vacations, pools, upgrades, and what not in order to sell without discounts.
It was all there for anyone who reads charts. Price and volume....
I'm not seeing much of anything like that now, but you never know.
So much of The Market is an illusion anyway. The real question in my mind is..... what are "they" going to do now that the suckers have left the table, and are not coming back?
yeap big ol' head and shoulders staring everyone in the face lol
