We've seen the bottom, up from here

[Bugsy]

I don't see it. I think this is just what "they" want it to look like. It hasn't even broken its current bear channel on the 1 hour, much less the 200 day SMA.

 

[nooby_mcnoob]

Lotta folks felt the same in july 2008. Little did they know more pain was yet to come. Just not a whole lot of good news out there right now. Russia,Omicron,hyper-inflation,Fed taking away the teet.

The only difference between now and the exact same news last year is Fed taking away the teat.

 

[SunTrader]

The only difference between now and the exact same news last year is Fed taking away the teat.

If you mean Dec (last month) of last year.

We are now in multi-months of hyperinflation and Russian Saber-rattling.

Anyway I agree with you and all those saying wait till the market shows downtrend is over. But with PA not silly MA's and such.

 

[unconventional wisdom]

feels like the party's over and it'll be a long time until the next one. no crash, no rally, just a slow steady relentless downtrend for the next 6 months to year.

 

[Clark Bruno]

Huh? Nothing could be further from the truth and facts. Buying bottoms or selling tops is the absolutely riskiest and lowest return strategy overall. And it's certainly not the most rewarding one, return wise. The largest moves are in the middle/belly of the cycles and towards the end.

The one large move at the top or bottom has to make up for the many times you will be wrong, and nobody has the holy grail to get it right more often than not at the top or bottom.

At least I cannot disagree more with your statement. Worst approach to trading ever is to try to time tops and bottoms.

I only sold a couple of stocks recently and those I would have sold anyway, as they were running too hard. Other than that I haven't sold, rather I have been snapping up bargains

Best reward to risk is at bottoms, not later because initial moves are usually strongest % wise.

How the asx behaved.
.

 

[Nine_Ender]

Lotta folks felt the same in july 2008. Little did they know more pain was yet to come. Just not a whole lot of good news out there right now. Russia,Omicron,hyper-inflation,Fed taking away the teet.

Turn off your negative filter there has been a ton of good news this week on things that matter to stock markets.

 

[RedSun]

Never good to call stock market bottoms. Most time wrong.

People have tried so many times.

 

[Laissez Faire]

Turn off your negative filter there has been a ton of good news this week on things that matter to stock markets.

There's perma-bears and there's perma-bulls.

Never once heard you say anything remotely bearish on the stock market.

 

[Nine_Ender]

As of 1/17/2022, there are about 40% new lows. I would rather these lows to stay further back before dipping our toes.

You just have to buy the right things. High quality big cap US stocks ( see MSFT, V, AAPL, GOOG, AMZN ) and energy, Big players already doing it. This is setting up like a giant trap for overconfident bears and certainly at least a decent opp to get into some good names with less risk. GXE one of my fav energy plays just set a new 52 week high potential breakout.

 

[R1234]

feels like the party's over and it'll be a long time until the next one. no crash, no rally, just a slow steady relentless downtrend for the next 6 months to year.

View attachment 276660

there's no reason this bear cannot be followed by a 14 year long sideways market like we had from 1966 to 1980!