Friday, March 2, 2012
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- Quick Takes Pro
- Michael, a chartered market technician (CMT), edits the daily markets newsletter "Quick Takes Pro. " He is also a columnist for Barron's Online, writing the twice-weekly "Getting Technical" column covering the stock market, sectors and occasional bond, commodities and currency comments. Elsewhere, Michael contributes to the monthly Trading Strategies section at MarketWatch and is also a regular contributor to SFO Magazine as well as various other media outlets.
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3 comments:
These days? Probably a bear trap.
I don't know about that...
http://www.sentimentrader.com/subscriber/comments/2012/20120208_rydex.png
There are several measures of sentiment that are reaching the danger zone...
Usually when the masses are convinced that market can't go down and only go up is usually when the rug get's pulled out from underneath them.
http://seekingalpha.com/article/379151-red-flag-market-sentiment
Well, in my humble opinion anyway.
-Will
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