"Those who do not study the past will repeat its errors. Those who do study it, will find other ways to err!" -Bob Farrell
As part of my normal routine of screening for ETFs making meaningful moves, I look for those with an RSI less than 40...
Observations on
Psychology and the Markets
Back on February 17th, I wrote about the availability heuristic and breakouts that were happening in a number of index charts. As a review, if all you see are breakouts, I find it helpful to identify charts that look different...
"Be fearful when others are greedy, and greedy when others are fearful." -Warren Buffett
I run a scan on stockcharts.com for ETFs making 65-day highs and another for those making 65-day lows. Not surprisingly, today's low screen is full of commodities, energy, gold, oil, etc...
"It's better to be approximately right than precisely wrong." -unknown
I was listening to Barry Ritholz's interview with Professor Andrew Lo from MIT yesterday and I actually drove the long way home just to catch the end of it. What a fascinating discussion that touched on so many meaningful topics...
"Become more humble as the market goes your way." -Bernard Baruch
Thus begins a fantastic post by Ben Carlson over at A Wealth of Common Sense, all dealing with the psychological struggles of an investor in a bull market...