Only a week later and maybe it has, burst.
Patience, observance, acting on the insights. Easy to say, hard to do.
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Where is Hoop? Would love to hear his take on things right now...
Growth has been so parabolic lately that the last week has only written off one months growth. Any other time we could have been looking at a quarter or two’s growth.
Looks like a return to a more normal sort of abnormal for this trend. Still trying to confirm what end stage we are in.
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What do you think you think about this chart? I acknowledge that markets slightly "different this time"; there is less less risk due to better disclosure and information than the historical average period.
Attachment 9474
It confirms what we already know, that this market is due a correction larger than the one we are seeing. If it breaks out of the current trading range significantly it would justify the safety measures that we are probably all taking anyway. But I'm not convinced it will happen just yet.
I think this correction is more the result of the abnormal activity through January.
My reading would suggest one of the indicators at the end of a Bull is the belief that each one is "different this time" and will go on for ever.
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Just looking at the daily charts for Apple INC and I see they have broken the 200 DMA for the first time since July 16. Facebook also touched it but found some support.
A good buying opportunity or is there worst yet to come?
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