|
Connect with Peter on LinkedIn!
The updates about 52 week highs and my weekly market comments are up on the site. Click below to go to the appropiate page on my website.
http://www.easysharetradingsystems.com.au/how-to-trade/52-week-highs
Recently I attended a very good presentation by my new friend Rik Arendsen from Aspirations Wealth Group based in Sydney. The topic was a discussion of bull and bear markets. Below is a summary of typical investor sentiment when markets are at a top.
Primary Sentiment at Extreme Tops
1/This time it's different. New theories for higher valuations
2/FOMO – Fear of Missing Out becomes too painful
3/Crowd excitement reaches fever level - the safety of group think
4/All stocks rise – even the crappy ones
5/Self confidence rises, bad news ignored
6/Greed reaches new highs
7/Charting software sales increase, Sales of Trading courses increase
8/Savings levels fall
When I look at the list above, I do not see that sort of behaviour (yet) so if we were to use the above as a "probability judge" it would seem the top is not yet here.
A reminder I will be presenting at the Newcastle ATAA on Saturday 14th December.
"Zen is not some kind of excitement, but a concentration of our daily routine"
Shunryu Suzuki
"Trading is not some kind of excitement, but a concentration of our daily (weekly or monthly) routine"
Peter Castle
If Facebook is more you thing, friend him here!
|
