Peaks indicated times of intense speculation and troughs indicated times of low interest in the market, when speculation was not high on people's agenda.
"John A. Bollinger" (born 1950) is an United States/American author, financial analyst, contributor to the field of technical analysis and the developer of Bollinger Bands. His book Bollinger on Bollinger Bands, John Bollinger, McGraw Hill, 2002, ISBN 978-0-07-137368-5, has been translated into eleven languages. He has published The ’’Capital Growth Letter’’ which provides technical analysis of the financial markets since 1987.
More John Bollinger on Wikipedia.Technical analysis works precisely because people look at it. And if people care, I care.
This is typically when important market bottoms are built. But I'm sitting back and waiting to be shown.
We're still in a position where stocks are too widely owned, ... and the people that own them own too much.
The seasonal patterns are very clear and they can be a good guide. 'Sell in May and go away' is generally correct, but not absolutely so.
I put on some shorts going into the close, ... It seemed like a good idea -- the market had simply gone too far, too fast.
We're taking a lot of the people out of the market permanently. We're losing a whole generation of investors.
The pain level is as severe as anything the market has ever inflicted on investors before.
What worries me is that we haven't really seen a sign of strength, a point where the bears are overpowered by the bulls and throw in the towel, ... That would indicate a dramatic shift -- essentially the breaking of the camel's back.
Copyright © 2024 Electric Goat Media. All Rights Reserved.