While the CNN fear and greed index can be a good indicator of short-term tops and bottoms, there is something more sinister at play here. Whenever the CNN fear and greed index goes to the extremes, a reflex bounce occurs to reset the sentiment. But that may not create the necessary conditions for a sustainable intermediate-term bottom. Here's why. The investors intelligence survey recorded some extremes in spreads between the bears and bulls. The spread even exceeded the 1987 top. I posted this many times on traders-talk.com. But this was largely ignored by amateurs and professionals alike, as the parabolic move gave a false sense of security that nothing could go wrong. The amount of froth and participation required to create a parabolic advance, in itself is a huge measure of sentiment. You don't need any sentiment surveys. Just one look at Dec 2017 to Feb 2018 charts of Bitcoin, ICOs and the S&P/DOW/Nasdaq should sum it all up. What differentiates a minor top from a...
These are the trends in various timeframes based on a objective trend identification methodology. No "If"s and "But"s are allowed. LONG TERM This controls the long term trends which runs for years, mostly good for investors. To me this is the timeframe which determines bull and bear markets. Currently BULLISH Will turn bearish approximately around 2500 level. Will publish the exact level, if and when we break 2500. INTERMEDIATE TERM This controls the medium term trends which run for weeks to a few months. Trading in the direction of the intermediate term trend offers the highest risk/reward and path of least resistance for short and medium term traders. Currently BEARISH Will turn bullish approximately around 2760 level. Will publish the exact level, if and when we break 2760. SHORT TERM This controls the short term trends which runs anywhere from 2 - 15 days. These signals can change quickly and for nimble short term traders...
Thanks, Nav. I'll be following you here.
ReplyDeleteI second here, Nav. will follow you as well.
ReplyDeleteMany thanks NAV
ReplyDeleteHey NAV, any price point level you looking to get short today?
ReplyDelete