DOW Transport - buy the dip - WHAT DIP ?
"super bull market !"
every day Bloomberg TV, CNBC, and god knows who is barking "ANOTHER ALL TIME HIGH" in this or that Index ...
"Stocks are still cheap historically given the current average P/E"
"compared to 10y Treasury yields , S&P div yld is more interesting"
WELL, I was told to buy the dip then... WHAT DIP ????
Ok, RSI is only at 79.6%, STILL GOT LEGS TO GO TO 80%, perhaps even 85% !!!
...or... you play the party-pooper and play aggressively the dip = go short. The dip will come as likely as we got a new pope. The question is therefore not if, but when. Would I rather buy here ? Nope. Would I short here ? You bet.
Is anyone noticing the GREAT VOLUME on this very recent super rally since the break-out of the monster triangle ?
Great accompanying volume , NOT.
I am bit sarcastic and there are NO indications and signals of a reversal AT ALL.
But my finger tickles on the sell button. sorry
every day Bloomberg TV, CNBC, and god knows who is barking "ANOTHER ALL TIME HIGH" in this or that Index ...
"Stocks are still cheap historically given the current average P/E"
"compared to 10y Treasury yields , S&P div yld is more interesting"
WELL, I was told to buy the dip then... WHAT DIP ????
Ok, RSI is only at 79.6%, STILL GOT LEGS TO GO TO 80%, perhaps even 85% !!!
...or... you play the party-pooper and play aggressively the dip = go short. The dip will come as likely as we got a new pope. The question is therefore not if, but when. Would I rather buy here ? Nope. Would I short here ? You bet.
Is anyone noticing the GREAT VOLUME on this very recent super rally since the break-out of the monster triangle ?
Great accompanying volume , NOT.
I am bit sarcastic and there are NO indications and signals of a reversal AT ALL.
But my finger tickles on the sell button. sorry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.