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Post by rhythmmethod on Jan 5, 2024 22:55:27 GMT
saratoga, Interesting and (to me) all wise moves. Also interesting is that we are using a very similar allocation but with different funds. Thanks for bringing some new funds to my attention. Good luck, - RM
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Post by gman57 on Jan 6, 2024 22:32:33 GMT
Not really a chart person but watched the Compound Friday podcast and this part made sense to me. If you look at the SPY it formed a cup pattern since 12/2021. Now it's starting to form the handle. What causes the handle are the folks who bought 12/2021 are finally getting back to break even so they are like "wheww... let me get out" Once that selling from happy buyers getting back to even is over which may take a quarter or so -- it's to the moon Alice!! They also talked about how almost every market around the world is approaching or at new all time highs. We don't hear about it because it doesn't attract eyeballs. The market is going to crash next week attracts eyeballs.
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Post by archer on Jan 7, 2024 5:34:38 GMT
gman57 , The same thing happens with the put call ratio. The ratio is starting to trend downward which has shown to be a leading indicator of an upward market. There is an explanation of this by Tom Bowley in this vid. Starts about 5:50 in to the vid.
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