Was interested in the market sentiment going into the real bubbly part of the dot com as the market structure looking very similar to what happening now.
July 1998 fed hawkish on inflation:
money.cnn.com/1998/0.../markets/marketwrap/
Oct 1998 recession looming down 28%:
money.cnn.com/1998/1...markets/markets130p/
Jan 1999 bull run up 102%:
money.cnn.com/1999/0.../markets/marketwrap/
To get that next big leg up potentially would need a big dip to buy and shorts to be all piled in.
Clearly not selling off as hard as Oct 1998 but the RSI is coming close to its lowest point since April 2020.
A melt down and fade would be very confusing as if they haven't been hard enough on put buyers already.
Inflation numbers Wednesday with month over month inflation near lows. Looking for a surprise and fed comments.
July 1998 fed hawkish on inflation:
money.cnn.com/1998/0.../markets/marketwrap/
Oct 1998 recession looming down 28%:
money.cnn.com/1998/1...markets/markets130p/
Jan 1999 bull run up 102%:
money.cnn.com/1999/0.../markets/marketwrap/
To get that next big leg up potentially would need a big dip to buy and shorts to be all piled in.
Clearly not selling off as hard as Oct 1998 but the RSI is coming close to its lowest point since April 2020.
A melt down and fade would be very confusing as if they haven't been hard enough on put buyers already.
Inflation numbers Wednesday with month over month inflation near lows. Looking for a surprise and fed comments.