Looks like you will be in for a long ride with SWG. Analysis 12 month target price is $28. Would be Nice!!! I am going to wait... it is a little rich for my blood. I will be purchasing CBD... the chart has turned and it is Very Bullish... at $3 it is marginable as Bob likes. With the kimberlite (diamond) play possible... it's priced right. BGO, ELD, MAE are also Very Bullish!!! It is going to be an interesting July... and a very Happy 4th to You!
Just wondering if that represents a top for the general markets
Market could be in a topping out phase. Hard to tell. For sentiment I rely on this indicator along with the Put/Call chart & VIX. >
When I peer very closely at the right hand side of the chart (little black sqiggly line @ 71.. I see 3 things:
1st. The little black line could be tracing out an "M" or double top (too early to tell yet)
2nd. "70" has never been broached before... not even close. )(going back to March 1997). Generally speaking the market has always topped out around the 50 to 55 area. (sell or go short when the indicator approaches 50 & the black line turns over & go long or close shorts when the indicator hits the 20ish area