Many people are feeling safe and secure, "complacent"... Some people are even feeling a thrill, bullish and hoping for higher prices...
We are witnessing the classic behaviour that accompanies a market cycle.
โ The next phase, "anxiety" means the start of the major bearish move. โ The "denial" phase means that the crash is ongoing, gaining momentum... โ By the time people start to "panic", we will be looking for reversals signals to show up.
โ When the "capitulation" phase starts and we see "anger", "depression", the time to buy has come... Yes, the time to buy will come but not yet, not now...