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Re: hweb2 post# 109394

Wednesday, 12/13/2023 4:55:34 PM

Wednesday, December 13, 2023 4:55:34 PM

Post# of 117164
I don't think you realize how Overbrought the Dow is more overbrought than anytime in the last 5 years by a significant margin. There have been overbrought markets over the last 5 year, so that should tell u it isn't a little overbrought it is a lot overbrought. The RSI is 84 for and index. Let me say that again the RSI is 84 for an index. Pick your index there are gaps all over the chart the last 6 weeks. Trading way above the moving averages, look at the 50day and 200 day, and how far it is on a chart. This just isn't overextened this is scary overextended. Like the odds of at this point it being up over the short-term are very unlikely. The odds are very against you here, maybe I'm wrong and it continues to go to the moon, than it will only fall harder, 2024 isn't that far away at this point, there is only 11 trading days left in the year. So even if I'm wrong right now, it is a coming and very soon, I will only get more aggressive if this makes a run to 4800 than I will go significantly short, instead of alot of cash. All is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
http://www.investorshub.com/boards/board.asp?board_id=5316

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