Just last week I warned that Bullish Sentiment was signaling top is close to forming. Here’s the post and video I did showing how Bullish Sentiment signaled at Top close.
With the market down today nearly 2.0% or more across the board today and breaking major support lines, do you think we are starting a correction phase?
I want to hear your thoughts and comments below!
Leave A Reply (4 Comments )
Kirk - Admin
476 days ago
oh and here's the link to the YouTube video I did on investor sentiment http://www.youtube.com/watch?v=RAqHnOy4dJY
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Steve A
476 days ago
You did mention the top and bullish sentiment was too high,but then a few days later came out and said that the Fed/Government would run in and quick fix everything all the time thereby keeping the markets bullish………?
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Kirk - Admin Reply:
January 29th, 2011 at 7:43 AM
and they will…so we I don't think the market will fall a part like it did in 2007-08. They are just going to try to print money and buy up assets that the market doesn't want.
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artsyprincess
475 days ago
I find it funny how almost all headlines were blaming the Egypt protests as the cause for the down market on Friday, even though the protests were actually taking place on Wednesday but the media turned its attention to it just on Friday. It reminds me of 2000 when a bearish market was initially blamed on a delayed/recount of the U.S presidential election, but the market continued down after a president was elected. I still see a further correction coming and media will find something else to blame.
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