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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 690.270.0%Dec 26 4:00 PM EST

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Hawkmoon
sunabeach
To: money-badger who wrote (172085)4/22/2022 10:40:29 AM
From: Turtles_win2 Recommendations  Read Replies (1) of 220753
 
Here's something to watch. The CNN fear/greed indicator. The lower the number the better for the bull case.
What should happen is it should decline when there is a good sized hit to the market. It has NOT been doing
that. It just sits there close to 50 (neutral). It dropped from 46 to 44 so far today, which is not a very good
reaction to the weak market we see today. Did not drop much yesterday. This indicator may need to get to
10 or so for the bottom to be in in this market. At this rate, the market will have to collapse to push this
indicator down there. I call it "compression". It says to me that most investors are not afraid, not at all.
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