FrankSlaughtery
Registered: Aug 2010
Posts: 814 |
11-24-12 10:56 AM
Quote from Bry:
up 20% today...almost bought some the other day for my Roth IRA: coulda, shoulda, woulda
the only way to pick bottoms like that (if you can call it that) is to go down to a lower time frame like the 30 or 15 minute or at a minimum if you're trying to pick a bottom say "go long if price above yesterday high" - but even then you get faked out like on 11/9 price went above the 11/8 bar but kept falling.
yes you will miss massive short covering rallies off the bottom but you'll also miss continued plunges into the depths of despair.
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