$SPY $QQQ
I was reading a book about Wycoff and one of the lines said something like this...
"In the beginning of accumulation, the stock is held by strong hands and professional traders, as the trend continues the asset is transferred to those of weak hands and retail traders"
I created this chart to give a macro perspective on where the current market is. Coming out of the 08 crash, we saw massive buying pressure from non-other than financial institutions, those same buyers are currently up +200%.
To put things into perspective a little bit more... Just think, If this were on the minute time frame, as a day trader, would you be taking profits?
The hedgies are the master of the market and the house will win.
Visit my profile for more trading ideas.
Cheers, stay green
I was reading a book about Wycoff and one of the lines said something like this...
"In the beginning of accumulation, the stock is held by strong hands and professional traders, as the trend continues the asset is transferred to those of weak hands and retail traders"
I created this chart to give a macro perspective on where the current market is. Coming out of the 08 crash, we saw massive buying pressure from non-other than financial institutions, those same buyers are currently up +200%.
To put things into perspective a little bit more... Just think, If this were on the minute time frame, as a day trader, would you be taking profits?
The hedgies are the master of the market and the house will win.
Visit my profile for more trading ideas.
Cheers, stay green