After 1.5yrs of downtrend, for the first time all major MA moving up with the index crossing all the MA upwards...and all technical trend indicators point to a reversal of downtrend.
With some hype bubble in AI starting to inflate and excite the market.
![[Image: RKc7wrr.jpg]](https://i.imgur.com/RKc7wrr.jpg)
reverse indicator had spoken.
(03-04-2023, 07:52 AM)sgbuffett Wrote: [ -> ]After 1.5yrs of downtrend, for the first time all major MA moving up with the index crossing all the MA upwards...and all technical trend indicators point to a reversal of downtrend.
With some hype bubble in AI starting to inflate and excite the market.
Oh no sgbuffett turn bullish
Well despite all the deliberate mis-reading of my market calls here is the explanation by Van Metre who mot only allied the banking crisis but also explained why the market is set to rally
Out of the many computer algos trading the market an overwhelming number will be triggered to buy on coming days as all indicators point up
Should you join them. Answer is only if you are prepared to jump out equally fast. Because if some.unexpected news burst out these algos will cuts loss at the same time!