Warren Buffets suggests that investors should be greedy when others are fearful! He is addressing sentiment with this idea, in other words, “Markets reward Discomfort!” Sentiment is almost like “comfort food!” It often tastes good, yet is it healthy?
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Suggested to “Go LONG,” due to a currency pattern and a large degree of “DISCOMFORT” was at hand (see post here). The large amount of “discomfort” the first of September, most likely had something to do with the market producing the BEST September in decades. It was these “Pattern Tools” that helped us capture a good deal of pocket change during that rally.
With the leading NDX 100 at the top of the channel and COMFORT LEVELS VERY HIGH…… I am UNCOMFORTABLE with exposure in this market until a breakout takes place!