| | | That is Greek to me but thanks for the LRCX reading. A touch of the 50 and 200 dmas could be healthy...
I took profits in the newsletter at $622... and now at $583 I have a fairly conservative buy back point because...
My capx stocks usually lead the charges out of bear markets then are the first to go down while people on this site will complain it is crazy because their valuations are so good. From over 20 years of observation here, many of the perma bulls here will call bottoms all the way down then when it finally happens, will point to that call for the next up cycle... but I've NEVER seen any of them call a top nor have I found any reliable method of top calling other than take profits, especially when CPC, Fear & Greed, Rydex, clx, State Street Sentiment, AAII, II, 2Cs and many other sentiment indicators are far away from reliable bottom indicators.
For example, here is CPC....
Looking at the longer term.... even cloudier!
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