Will this week be the market floor?

B

Bogan7

Looking at some of the Asian price action today I have a feeling the near term 2-3 weeks maybe 2-3 months floor will be set by the end of this week anyone else agree?
 
Timewise, I think an intermediate term low is close at hand. Percentagewise, we could waterfall 5% or so lower or hold around here. We shall see.
 
The markets will do what they will do. Personally I think there's another climb back up to come but I don't really care.

It was funny to see the subprime thing finally hit Oz after all the holier than thou crap we've had about those bad irresponsible US lenders. The mortgages written in Oz are the stuff of fantasy ... and one day the cards will collapse.
 
Quote from Bogan7:

Looking at some of the Asian price action today I have a feeling the near term 2-3 weeks maybe 2-3 months floor will be set by the end of this week anyone else agree?
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You haven't been trading very long, have you?
 
Quote from Bogan7:

When the bears start crowing you KNOW the bottom is in and it time to get back in.
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No you don't. All you know is what you have seen in the past. From here it will:

a) go up
b) do down
c) go sideways

anything else is a blind guess
 
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