jonnyfrank wrote: ↑Thu Feb 02, 2023 2:50 pm
So the 11,700 Nasdaq level has been breached. Are we still looking at a correction or is the thinking we may be free and clear?
I'm 99% sure that I'll be right 50% of the time.
COT data, the limited amount of CTA (computerized trading algorithm) data I am privy to on a time-delayed basis, both suggest that "risk on" is back, at least for a bit, as we climb up a Wall of Worry.
There are always Dark Swans, but I suspect a lot of investors/institutions are going to be forced to chase this rally up, after some consolidation amidst high volatility.
It's always FOMO or FOGU (Fear Of Going Under).
The Jesus Buy Signal is holding up well - you should always listen to Jesus.
The trend is up.
I am a fan of Jesus, but I also sense his Father is all about giving us lessons in fear and greed, so I tread carefully soliciting Jesus when it comes to investing.....
