The only thing real in the market is emotion; everything else is fake!
The market goes through four stages and six emotions. I believe we are currently in the third stage and fourth emotion:
The four stages are — Rebirth, Excitement, Euphoria, and Crash;
Stage 1: Bear market fatigue, the market rebounds,
Stage 2: The market warms up, buying increases,
Stage 3: Prices rise, emotions soar, but the market experiences repeated friction, and everyone hesitates,
Stage 4: Market frenzy, speculators and large companies rush in, bubbles form.
These four stages correspond to six emotions —
First stage: Not believing it will rise.
Second stage: Believing it will drop.
Third stage: Rising to disbelief.
Fourth stage: Rising to belief.
Fifth stage: Not rising, not believing.
Sixth stage: Not believing it will drop.
A super bull market arrives in despair, unfolds in doubt, rises in hesitation, and ends in frenzy!
Everyone take a look at their holdings, ask yourself if you are still hesitating, if you are still struggling with whether it is a bull market. As long as most people still feel this way, the bull market cannot possibly end; a bull market is a stage where no one believes it will drop, and emotions are filled with frenzy!
So, whether to sell your chips in January is an intelligence test