A sins of humor
What are you smoking?
Sins
CSCO at 25?
Well, how about 25 sins?
Have you not read the good book?
"Man cannot live by Divergence alone, but by the Work of Price Action".
The good book says, "let your prophets run".
There have been so many bullish divergences that I give up worrying about them. This is a bear market.
A bear market climbs a wall of bullish divergences.
Still I agree it pays to pay attention, I just would not act on it.
Then it doesn't pay to pay attention.
<The Stock Market is always wrong.>
I actually agree but this is like saying that a bicycle is never at equilibrium. - Technically correct, but not a lot of use.
A bicycle is at equilibrium when you are riding it. When you are riding the market it's always falling. That's how you end up a head.
Money Flow - There is still a lot of stock out there especially from a company like CSCO that went on a multi-year stock-fuelled crazy acquisition binge.
You need a lot of stock to give people confidence that the company will be there when they want the stock.
But despite disagreeing with everything you have said, I will admit to being Long (small, but still long).
Are you disagreeing with yourself?
The market over the past 5 days has been in a perfect spot (IMO), to have rallied. It has not! That says amples about either the market, or my technical skills.
Amples?
With the $SPX forming new (5-d)lows, and the Financials - breaking down ($BKX), or breaking down from breakout ($BIX). I will not be a stubborn bull.
You will be contrary instead? |
