This shows the first four short term indicators i use. All are showing high levels. Please acknowledge that values can stay elevated for long periods of time if the market chooses to do so.
The third pane shows that we are historically still quite overbought from a long term perspective. The composite indicator shows the same.
Just a closeup of the medium term. You are welcome to buy here if you want.
A closeup of the short term. The same applies. All time high for this one.
"Luck is where preparation meets opportunity."
Seneca
Scott,
ReplyDeleteThanks for the courage to publish your analysis and make your bold calls. Your oversold/overbought market calls have a good track record.
Thanks again!