Is AHR999 and the Panic Greed Index really effective all the time? The AHR999 indicator has been below the bottom line (0.45) for 20 days and has further fallen to 0.29 today... This indicator is super effective in the middle of a bull market in a 4-year cycle: once it falls below 0.45, it is often a bottom line signal. But if you enter Deep Bear, the situation will be completely different—— It will fluctuate and fall for a long time, even repeatedly bottoming out and falling in the bottom range for several months. Simply focusing on this indicator to 'buy at the bottom' is likely to buy halfway up the mountain, and the more you buy, the more you copy! Can the Panic Greed Index fall to a historical low of 5? Of course it's possible, I'm already extremely fearful now -For the holding party, this is a panic stop loss signal, the more it falls, the more panicked it becomes; -For * * short positions/low allocation parties * * (such as holding only 5% positions since November), it is actually an exciting point - the more they fall, the more opportunities they have to build positions at a low level. Relying solely on panic and greed index to buy the bottom is effective in bull markets, but still ineffective in deep bears. Emotional indicators can only assist and cannot be the sole basis. Current market reminder: -Don't be fooled by a single indicator of emotions -Deep bear features have emerged, don't rush to buy all in -Low end/empty positions can patiently wait for more extreme opportunities -Those who hold positions should control their positions and keep their principal as the top priority