F
fibo_trader
Lesson for T2W:
try this the next time at the next top or bottom:
see which way T2W is going on any given stock, Index or market or sentiment. Watch it closely over weeks or months. Wait till it becomes a crescendo. then watch the senior lads at T2W (old lions way past their prime) come out with brash statements about the direction going on forever. If the direction is down they wll say doomed, dead, finihed, big trouble. If the direction is up they will say no clouds, clear skies forever. then go in and state the opposite like a TROLL. If they try to kill you and get you banned (and the extant trend let's say is up and you are calling for a short), call your broker immediately and sell sell sell and get ready to go short as the major turn is right around the corner - and will therefore kill 'em all.
Your job is to escape them at such specific points in time. This happens how often? ALWAYS
the cat who goes Short = opposite is branded a demon for Life.
BARRON'S
Investor Sentiment Is in the Dumps. It Can Still Get Worse.
Bells go ding, ding, ding in fibo's mind whenhe sees this shit from the HERD.
Because its a signal to pay close attention to an upcoming turn aka rally ............... obviously to go opposite to the CROWD's instinct
Learn this concept well and make a bloody fortune in the markets as the financial market are anything but logical.
For historians
Fibo's HERD Indicator:
Its not an indicator that you find at the bottom panel of charts - this is a different animal. It stems from collective thought of a GROUP like for example, Newspapers, famous Magazines, big big websites, and of the coure the creme de las creme, CENTRAL BANKS
The one in quote above is from famous business outfit knows as BARRON's. It is a close 2nd to Newsweek, the reigning champ of Magazines. When a Newweek front page talks about a bull or bear that has been going on for quite awhile, the reversal is right round the corner.
THEY are always wrong at every major and/or intermediate turn in the financial markets.
BARRON'S
Investor Sentiment Is in the Dumps. It Can Still Get Worse.
Its the part in red that is a major signal for Fibo to go against the current trend be it short-term, intermediate or major Trend
Barron's rarely disappoints Fibo