@CryptoElPres How come you subscribe to Moneytaur, what does he teach that’s special. And How would it help a cycle trader such as yourself, who have their own set of rules.
@DaveHcontrarian@MilesFranklinCo How do you gauge market sentiment? What metrics help in having that contrarian stance to the herd?
As it is seems everyone is completely one sided with bearish sentiment currently. Hope you are able to answer this, thank you.
@DaveHcontrarian
@DaveHcontrarian@GeoJay12@calistoker123@flackos_gang Why can't there be a distribution type top and just sideways price action to let the big players get out for the following months, and then the so called bust comes?
@DaveHcontrarian@GeoJay12@calistoker123@flackos_gang You say the market will and can go up even in a recession. I understand markets are not so linear with conditions in economy, but I just don't understand reason it has to rally so much? Again, each time these indicators were flashing as we have now , the market corrected heavily.
@DaveHcontrarian@GeoJay12@calistoker123@flackos_gang I see, I just thought maybe it would make more sense if those two were coupled with each other or would happen at same time. Maybe I am wrong. Thanks anyways
@DaveHcontrarian@GeoJay12@calistoker123@flackos_gang I literally wrote out the worrying signs.
Not to mention the RSI divergence as Markets are climbing higher, Fed cutting synonymous with Market tops, credit card loan defaults ATH. So many metrics that point to being at a top currently, why could this not be it? Why end of year?
@DaveHcontrarian@GeoJay12@calistoker123@flackos_gang Hi David, is the bust not more likely now, rather than in summer.
Sahm indicator is increasing, 10Y - 3M bond yields inverted. m2 contracting and Fed being overly restrictive, truflation is well on its way down. Unemployment also curving up.
Lower high and failed DCL in play?