Why won't this Dam Stock Market Buckle?
Do not let yourself be tainted with a barren skepticism.
Louis Pasteur
The market has resisted all attempts to correct. We know why it is not crashing; this has to do with mass psychology, but what’s preventing it from letting out a significant dose of steam. The table below might hold the answer. We looked at all 30 components of the Dow monthly timelines utilising our indicators, and the results were quite surprising, to say the least. On the monthly charts, each bar represents one month’s worth of data so these are long-term charts, and they usually provide a much clearer picture of what the futures holds as opposed to the shorter term charts.
28 components of the Dow are trading in the oversold ranges varying from mild to extremely oversold; conventional logic would have you believe that Continue Reading
Macro Alpha Generator │ System Dynamics Practitioner
8 年OR, the $180BB per month in central bank liquidity driving asset prices up. OR, sovereign wealth funds buying up assets. OR, large-scale corporate equity buybacks.