Hi Traders! It looks like endless bull market. I can notice that the every dips is bought immediately and the dips have become shallower and the buyer have rushed in more quickly each time. What is your opinion about the market?
Itâs over-hyped The explanations for priceâs moves grossly misrepresented A good venue for extracting money RN
Generally you see volatility decline during the middle stages of rallies so it appears that dips are being bought more and more aggressively. Let me put things in perspective... Four market days ago on March 4 2014... The high was 1876. The market closed three days later on Friday at 1879. The market has held onto about one point per day of gains from highs set four days ago. The bottom line... This market has held three points higher from highs set four market days ago. That doesn't exactly impress me.
I try not to be concerned with such questions, when the trend ends, it should be detected by system or trend following technique.
It was all that Bernanke money printing imho. It had to go somewhere and the stock market is the obvious place plus " cheap to borrow " money just like 1928. Should peak out late 2015.
My analysis says late summer/fall we get a bear market. A divergence is starting to form. However, I doubt this bull market will fully end until like 2016. Odds are not on it. All we can be sure of is... It will eventually crash, and it will eventually rally again. Enough said! lol...