SNSN schreef op 11 juni 2015 12:56:
On the st-horizon the 'asml' is doing exactly that what was just "prescribed" (read "prescriptions" - June 9, 16.53 and Jun 10, 16.07 - just few posts above).... Though, the upwards potentials are very restricted, and the 'aex' current move is "non-structural" (compare the aex & eur/usd rates st/mt-dynamics..., though in principle it may change later on, as the processes are not stationary - take care of those dynamics).
On longer horizons (see also last week posts on "bearish-reversal" signals) for highly overvalued 'asml' the trading patterns, dynamics of p/v/t distributions, and some other indicators show that (on the background of active d-trading) the
profs/proprietors are getting out ... "conditionally" ( i.e. attempting to be substituted by the retailers, clients....).
So, think well .... whether you should step in, or not, .... when profs are trying to get out at ATH, under the main r-zone, after the long-term bearish-reversal signals like "triple-top", "bearish engulfing", etc. (see old posts for details).
Don't forget that those prof "advisors" & "analysts" from banks, brokers, etc. have their own proprietary trading desks ...., and would certainly prefer to cash near the ATH....(at bearish reversal). Thus, their main task is trivial - to find as much as necessary "suitable buyers" in order to lock them as high as possible at the top of "pyramid".
PS. By the way, even standard indicators, like 'mfi' for instance (just a bit more advanced than 'rsi', as accounts for the volume), show a serious "cash outflow" from the 'asml'-fund since May 27: MFI= ~70 on May 27, and IMF= ~30 June 10.