The strangest thing about today's market isn't the drop—it's the split.
Half the assets are racing toward a parabolic top: S, W, BAT, and OP all have RSI readings pegged at 70–100, up 15% to 73% in 24 hours and nearly 80% above their seven-day moving averages. The other half have been unfairly dumped in a panic, with APT and PONS RSI readings down to 8–16, falling 10–20% in a day.
The same market, but two groups of people living in different universes.
My approach is simple: don't chase the ones racing toward a top; wait for them to break on their own. For the panic-sold ones, place your orders and wait for a rebound. In a split market, the worst thing you can do is use the same yardstick for everyone.
Half the assets are racing toward a parabolic top: S, W, BAT, and OP all have RSI readings pegged at 70–100, up 15% to 73% in 24 hours and nearly 80% above their seven-day moving averages. The other half have been unfairly dumped in a panic, with APT and PONS RSI readings down to 8–16, falling 10–20% in a day.
The same market, but two groups of people living in different universes.
My approach is simple: don't chase the ones racing toward a top; wait for them to break on their own. For the panic-sold ones, place your orders and wait for a rebound. In a split market, the worst thing you can do is use the same yardstick for everyone.
