the top is in

remoteControl · Mar 9, 2021

Nine_Ender said:
We aren't in a bear market, we are early days of a massive economic recovery, not unlike 2009-2011. Markets may have moved quicker then expected but many of the same trades that worked from 2009-2011 are working now.

You make me think the top is in.

maxinger · Mar 10, 2021

Germany dax has already broken the top.

France CAC40 is going to break the top soon.

remoteControl · Mar 10, 2021

maxinger said:
Germany dax has already broken the top.

France CAC40 is going to break the top soon.

Good point. Now I’m bullish.

Nine_Ender · Mar 10, 2021

remoteControl said:
You make me think the top is in.

Keep trading on your emotions I'm too busy making money on the commodity bull market to care. Canada's GDP growth in 2021 is now estimated at 5% with some positives from the US stimulus bill. Vaccines rolling out everywhere.

Commodities up across the board this morning. US indexes up moderately. Quite typical recently, not a lot of money to be made in either direction on US indexes. A ton of money to be made long commodity related stocks in Canada ( maybe also US but with rising Cdn$ expectations I switched to entirely TSX in March ; TSX hit a record close yesterday ).

remoteControl · Mar 10, 2021

Nine_Ender said:
Keep trading on your emotions I'm too busy making money on the commodity bull market to care. Canada's GDP growth in 2021 is now estimated at 5% with some positives from the US stimulus bill. Vaccines rolling out everywhere.

Commodities up across the board this morning. US indexes up moderately. Quite typical recently, not a lot of money to be made in either direction on US indexes. A ton of money to be made long commodity related stocks in Canada ( maybe also US but with rising Cdn$ expectations I switched to entirely TSX in March ; TSX hit a record close yesterday ).

lol. maybe u should manage my account.

Pyraeus · Mar 11, 2021

Dont fight the Fed.There might be small corrections but this market is going straight up for next 12 months.

remoteControl · Mar 11, 2021

yeah i'm toast. i could have bought a house with money i've lost the last 4 weeks

orbit23 · Mar 13, 2021

Not top not top not top not top not top - explosive move climax - THEN the top is in..atleast from my experience

To me it seems like we are close to the top, but have not topped yet, look at higher timeframe volatility chart. This is begging to take off...

IMO it's likely we have yet to see that explosive move to the upside to sucker in the FOMO buyers and annihilate the shorters and only then market reverses down hard and crash 30-40%.

remoteControl · Mar 13, 2021

orbit23 said:
Not top not top not top not top not top - explosive move climax - THEN the top is in..atleast from my experience

To me it seems like we are close to the top, but have not topped yet, look at higher timeframe volatility chart. This is begging to take off...

IMO it's likely we have yet to see that explosive move to the upside to sucker in the FOMO buyers and annihilate the shorters and only then market reverses down hard and crash 30-40%.

I think you're right. It was too obvious before. I can easily imagine one more true blow off to squeeze the shorts and sucker in the buy the dippers.

formikatrading · Mar 13, 2021

I think a lot of people have a negativity bias so they are always looking for the top. The bear case is always rational, the bull case often isn't. The best thing I did was put together a framework that allows me to objectively evaluate market conditions. This is very different from the indicators that I use to actually trade.