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Tag Archive for ‘Psychology’
It was a good week to be bullish and the buying was ferocious and on the surface it appears that bulls won a major victory and bears look to have flailed again. Correction over. New highs on Nasdaq with $SPX recapturing all key moving averages including the 50MA, the 21MA, the weekly 5EMA and all is looking rosy again. Next week bullish OPEX, a sheepishly dovish Fed again the week […]
Markets have been so void of corrections for so long it’s no surprise most people are a bit rusty on how to navigate through the jungle. Recognize that the rules have changed for now. Where before every single dip was bought now rips are being sold and volatility is raging up and down through price ranges while bears and bulls duke it out. Still, heeding the signals, participants can take […]