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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.44+1.6%Nov 10 4:00 PM EST

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bull_dozer
GROUND ZERO™
To: Robohogs who wrote (110118)8/19/2018 10:15:02 AM
From: robert b furman2 Recommendations  Read Replies (1) of 218658
 
Hi Robo,

My recollection of past tops is the leadership stocks (Fang stocks in this bull), will begin a small drop and basically go sideways constantly teasing holders with new highs.

While this distribution takes place, a rotation into smaller stocks takes place. The smaller the stock price - the higher the percentage advance ocurrs.

This higher percent gain on lower priced stocks adds to the "EUPHORIA" feeling.

In the recognition wave - the personality is defined as "all stocks take part in the rise of a recognition wave".

The term all stocks includes the rise on even low priced stocks.

I think many who fear the heights of this market are missing this ingredient.

It's easy to scream top,call the valuations ridiculous and label the market "EUPHORIC".

If you lived thru the 1999 - 2000 top, you'd know small stocks like Cohu hit 61 3/4 :

Brks hit 91.88:

screencast.com
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Those out of the market are screaming euphoria.

Heck I'd be negative too if I missed this 10 year bull.

We aint seen nuttin yet !!
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