With all the strength of the market over the last 6 months or so, I'm confused in working out how to time an entry when so many technical indicators appear that a stock has peaked.
For example, many indicators show that a lot of stocks are overbought, have peak MACDs when compared to many preceding years, yet still manage to continue the climb back to where they were.
I'm sure it is my inexperience and misunderstanding in interpreting such signals, but how can you buy into the current uptrend when analysis of the charts says they've peaked? (the indicators, but not the price)
Look at the CBA, ANZ, WBC, NAB over the last six months and it is clear the negative signals these stocks had back in March. Of course, things could have got worse, but looking at the technicals now indicates that things had bottomed at that stage.
Any advice and information would be much appreciated!