If you understand human nature, you will understand the stock market.
Just a few days ago on Black Monday, the market was in extreme panic and everyone thought a stock disaster was coming, but I told everyone that the market would soon hit bottom and rebound.
These days, the market has really rebounded, and those who did not participate in this wave of uptrend are starting to feel the Fear of Missing Out (FOMO), constantly looking for stocks to buy.
In the financial markets, greed and fear are human weaknesses. Once you understand these two things, you basically won't chase the rise and fall every time.
This market sentiment index is a very useful tool to observe what stage the market is currently in. At the beginning of Monday, when the market was extremely panicked, the index fell to around 4-5. Four days later, there was a big turnaround, rising to 88, which also indicates that the market is starting to get excited, and soon there will be an adjustment.
The key is if this round of pullback can establish a Higher Low, basically this selling tide can be declared over. On the other hand, if the index retraces below the recent low point, then another round of decline is likely to come, whether in the US stock market or the Malaysian stock market.
Of course, my personal view is that there should not be a major decline in the short term. At most, there will be a period of consolidation until the peak earnings period, then the market will have a new direction.
Congratulations to those friends who have been following my Facebook live stream and participating in this rebound. If not, that's okay, keep following me, and I will share more opportunities.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
105304491 : bos ajar sy withdraw