Will We Know When We've Made a Low? [View article]
does it matter if you catch the bottom looking at the charts? No . Everybody thinks this market has 1 or 2 more tanking sessions in it before we hit bottom - the govt bailouts havent been tested yet -in other words nothing has happened where anything they have done is going to work - this may sound crazy but you need a big bearish event here and the financials are left standing -that I think will instill confidence in the market -other than that a long bumpy volatile ride - but if you look at your charts if you were to invest exactly 2 months after the initial extremly large move down - you would always catch the wave up
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does it matter if you catch the bottom looking at the charts? No . Everybody thinks this market has 1 or 2 more tanking sessions in it before we hit bottom - the govt bailouts havent been tested yet -in other words nothing has happened where anything they have done is going to work - this may sound crazy but you need a big bearish event here and the financials are left standing -that I think will instill confidence in the market -other than that a long bumpy volatile ride -
Oct 17 14:22 pm
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All Comments by Mr.G »Will We Know When We've Made a Low? [View article]
but if you look at your charts if you were to invest exactly 2 months after the initial extremly large move down - you would always catch the wave up