No, Gersh, because the market can move in either direction, funnily enough, regardless of any system of divination.
What I'm saying is that complacency, as defined in the Complacency Index system (such as it is) has reached the upper extreme, where the upper extreme is defined as 100. So the system is self-referential, the reasoning tautological, the logic circular, etc. The system has no bearing on the future direction of the market. It has meaning only within the context of itself. In fact, give me any system, and I'd say the same thing.
Am I suggesting a possible top? Yes. Is it possible that it won't be a top? Yes. What's the use of such a ridiculous system? It has no use. It's the first existentialist TA system, in fact. That is why subscription fees are continually raised, because it's the first of its kind.
Are there better systems out there? Yes. Theomancy is one, but it, too, is prone to negated buy and sell signals.
Testimonial: "Your system is the first of its kind. Please raise my subscription fee."
Future topic: Does the market really exist, or is it only a system of floating ideas, without any substance to support it?
Testimonial: "Huh?" |
