by Graham Summers, Gains Pains & Capital:
Tops never form cleanly.
I’ve made the mistake of attempting to call a top on the “dot” in the past. The reality is that anyone who attempts to do so is exercising their ego more than their judgment.
Market tops occur when investor psychology changes. But it’s not a clean shift. Investors, like any category of people, are comprised of numerous groups or sub-sects: some get it sooner than others.
In this sense there are certain tell tale signs that a top is forming. This doesn’t mean a top is “in” nor does it imply a specific timeline for a top to form (say a week vs. a few weeks).
However, there are clear signals that appear around tops. And I want to alert you that multiple ones are flashing right now.
Please follow SGT Report on Twitter & help share the message.