The old American idiom of
a day late and dollar short is a phrase easily applied to the
majority's ability to time (buy or sell) US stocks. The majority, influenced more by instinctual behavioral tendency of the individual to seek acceptance of an emotionally-driven crowd than act independently, views rising and falling stocks prices as bullish and bearish. This tendency that drives them to
chase when probabilities favor
fading relegates them to being the
bag holders of history's
panics and trend changes.
“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”, John Templeton
Subscriber Comments
Bear phases are not shaded. Trouble for the bulls usually begins before the green box ends.
VIX Model (Line 58 Trends Tab of Matrix)
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