Loading ...Rambus : Once in a Lifetime
Late Friday Night Report
“With the rally continuing to power higher in the stock markets I’m going to update the portfolio combo charts so you can see how this once is a lifetime rally in unfolding. When this impulse move finally burns itself out we will get a decent sized correction that may take a year or two build out. Until then the hardest thing for most investors riding this bull is to hang on for dear life.
For over six months or longer we’ve heard the never ending story about how overbought this market is, but the stock market doesn’t care what we think. The investors that have missed this rally are crying the loudest that the stock market has to crash because they’re not in it, if they were they would be enjoying the ride of a lifetime. At any rate the correction is going to come at some point and I can guarantee you that we won’t hit the absolute top tick. We have some price objectives that hopefully will get us out in time to enjoy our profits.
I’m going to start off by looking at the daily stock market combo chart. When looking at all the combo charts to follow note the two dominate chart patterns, the H&S’s and the rising flags and wedges. So far there is nothing on these charts that are suggesting a top is in.”
Click on chart 2X
“I would like to reiterate once more that our current rally is not normal and doesn’t happen very often in ones trading career. To have missed this opportunity because of emotions, trading discipline or trying to use fundamentals that tell you how the markets are supposed to work, is tough when you see a market like we have right now leaving you behind. More than anything else it is psychological warfare. If it was easy then everyone would become millionaires and we know the markets don’t work that way.
I’ve stated many times in the past that we are going up against all the best minds in the world that want every penny you have. They could care less how you feel as long as they get your hard earned capital. It’s a dog eat dog world and to the victor goes the spoils. Have a great weekend. All the best
…Rambus”
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Editor’s Note
The rest of the charts for Rambus Positions in ALL the markets including PMs can be found here ….For Members
https://rambus1.com/wp-admin/post.php?post=66439&action=edit
PS….New positions are being added every week …It’s NOT too late
OK very interesting big picture. It makes me wonder;
-So where is all the capital coming from to power all these charts up?
-How long and how high can they get?
-What will the top look like?
-When the top occurs where will the money coming out of this go?
-If you are not in this now do you chase it from here?
-What sectors is NOT performing like this now?
-So you get in these sectors now and wait?
big boyz sucking in the general public now??? who’s the sellers???? Will the top be when the us$ reverses, bonds,… lotsa events to trigger but could create bigger rise? Weekly reversal candle perhaps one indicator with small mov avg, stochastics and the wife standing behind you with a cast iron frying pan usually work for me.
If u look hard enough yes there is glowing bearishness coming soon.
One can go back as far as 1987 u will not see RSI this high. Amy market this is the one indicator signaling reversal.
Silver and silver to gold ratio had the similar RSI in 2011 and gold in sept 2011. The day before reversal every one thought the same:”So far there is nothing on these charts that are suggesting a top is in.”
Rest is history.
Totally agree. This reminds me of 2000 – tech companies with insane valuations continue to fly high because of the *assumption* that profits are just around the corner. They can show profits any time if they stopped reinvesting in the company. Then something changes – be it interest rates, fraud, business cycle, and suddenly all those expectations of nearby profits change and so do valuations.
With the exception of a few behemoths who actually have something to show on their income statements. Time will tell. If you’ve been long for a while, great, take some profits because that’s the goal of investing – not trying to capture every last penny. If you’re considering entering now while RSIs are the highest EVER on some charts….keep a tight stop.
IF we have entered the parabolic phase,we could reach the top in a time period from march to june (usually parabolic phase last from 3 to 6 months).
There could be a correction but it could also not happen.
Otherwise if we are in a much longer bull market everything is much more difficult to forecast.
I believe Rambus will identify a top by watching for developments such as H and S patterns in the short term charts.
Right now nothing doing.
Short at your risk