September 17 2009 – Complacency?

ASX Commentary

September 17 2009 – Complacency?

Thu, Sep 17, 2009

I’m getting that niggling feeling of bullish complacency. This market just keeps belting higher and its disturbing. Its not healthy. When my three accounts hit new equity highs day after day I tend to get worried.When it happens with such consistency the markets tend to reverse sharply. The last time was back in mid-June. We try not to dwell on feelings here and arguably things technically remain very strong. Our momentum filter ticked up for the first time since mid-August. As usual we can only go with the flow with knowledge that our systems will get us out if anything untoward unfolds.

0saves

Save

If you enjoyed this post, please consider leaving a comment or subscribe to our newsletter and receive a free sample of our analysis each week.

This post was written by:

Nick Radge - who has written 899 posts on The Chartist.

Contact the author

Facebook comments:

Latest Share Trading Articles

The Hidden Strengths of Volume Analysis (part 2) September 19, 2010
In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
The Hidden Strengths of Volume Analysis (part 1) September 19, 2010
The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
The Psychology of Trading September 19, 2010
The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]