Drizzt: long term market analysis is a series once or twice a month where we take a look at longer term trends in the market to get our bearings right on the general direction of where market prices is going.
The recent upward move in the STI have not allowed folks who are waiting and waiting and waiting to get into the game.
This sort of feels familiar to past bulls where
- the sentiments just cannot be disrupted
- good news or bad news will result in the market moving up
- a rising tide lifts all boats, pennies or blue chips
- the correction is so small that people wait for the bigger drawdown but it just keeps heading up
No one says catching the bottom was easy.
Weekly S&P500 and STI
The long term indicator we use is the cross over between the 17 week EMA and the 43 week ...
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