This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Notice that the cumulative NYSE A/D line broke out to NEW HIGHS back on January 10th and never looked back. And yet all of the Perma-Bears were shorting relentlessly after the breakout, even Prechter at 1295 SPX. And they did ALL of this during a monster uptrend in which the SPX closed ABOVE THE 10 DAY MA for days on end!
It cracks me up the way people refuse to LISTEN TO MR. MARKET, because of their preconceived bias.
The proof is in the chart posted by Geno. But all of "Top Pickers" and Perma-Bears can't help themselves. They have no idea how to make money in an uptrend.
Mike you are welcome to post technical observations here but without the rant and personal attacks.Its boring,unproductive and repetitive. I agree its a really useful chart and definitely one to keep an eye on.I also watch the BPI for similar reasons,one of Ron Walker's favorites.
Notice that the cumulative NYSE A/D line broke out to NEW HIGHS back on January 10th and never looked back. And yet all of the Perma-Bears were shorting relentlessly after the breakout, even Prechter at 1295 SPX. And they did ALL of this during a monster uptrend in which the SPX closed ABOVE THE 10 DAY MA for days on end!
ReplyDeleteIt cracks me up the way people refuse to LISTEN TO MR. MARKET, because of their preconceived bias.
The proof is in the chart posted by Geno.
But all of "Top Pickers" and Perma-Bears can't help themselves. They have no idea how to make money in an uptrend.
:)
Mike you are welcome to post technical observations here but without the rant and personal attacks.Its boring,unproductive and repetitive.
ReplyDeleteI agree its a really useful chart and definitely one to keep an eye on.I also watch the BPI for similar reasons,one of Ron Walker's favorites.