We've seen the bottom, up from here
- Thread starter themickey
- Start date
I agree it's a potential bottom, but can still go both ways, IMO. Next bigger move up/down coming out of this area (4300).
The game has changed.
The Fed is no longer pumping the markets.
Instead of 'Buy the dip' the new mantra is 'Sell the rallies'
When the Fed starts pumping again that will be the time to buy.
But you can still try and play the dead cat bounces if you really want to..
The Fed is no longer pumping the markets.
Instead of 'Buy the dip' the new mantra is 'Sell the rallies'
When the Fed starts pumping again that will be the time to buy.
But you can still try and play the dead cat bounces if you really want to..
Wait for confirmation (i.e. market shows you its hand)
It already has.
If you think so then go for it. I don't see it as per my trading but I only try to get the meat of the move.
What do you see?
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.
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