The boy plunger (aka Jesse Livermore) strikes again! I agree with this. Seems like every day when the markets go down buyers just come in and buy it back. Even today I noticed the same thing especially for the speculative stocks. Most of the markets were down before the Fed decision, however the ARKK & FANG+ Index stocks were up most of the day. I noticed there was a lot buying right before the 1400EST announcement. And then we have META up ~20% after hours. It looks promising for tomorrow as well. China tech looks promising as well. Just today Blackrock started to accumulate Baidu stock. I think the Indian market is in some trouble unless the Adani situation goes away. Until then Adani stocks & the banks are in trouble.
I'm wondering how you know that the people on here missed out on something. I day trade and every day is a new opportunity. Every. Day. People don't invest or trade based on what someone tells them, they do it when they are ready and comfortable, as it should be. Some of you people crack me up.
What is a "lower low" ? Is that different then a "lower low" in June or October or December ? How would such a philosophy have served you since June 2022, besides not very well ? I'm not buying US indexes here, but there is plenty you can play globally even now. Since June 2022, the sentiment and trader talk has reminded me greatly of 2010-2014. A lot of overconfident bears absolutely certain of lower markets as they bounce around or grind higher. Smart buyers have been selectively buying stuff since June.
Soy, did you loaded up on a bunch of ETF's that you were recommended in another thread and now are trying to pump up the market ? (smiles)
Keep in mind there are people reading here who may be gullible enough to trust your advice. Do you really want to have that responsibility? People losing their money because you have a hunch?
Given previously 1-2% per month guarding 80% of profits was the benchmark, today that number is halved, I have institutional buy/sell recommendations with the underlying analysis, they quoted DJIA Outperform at 33k but the medium/long term is another ballgame based on more detailed analysis. The fact is Retail find out after what institutional knew before (most of the time), this should be interesting to watch, and everyone wonders why they only get a few percent returns per year not even beating the S&P because they are too busy with the complexities of their life and job.
Many traders/investors make market predictions because they're driven by a need to be right, and/or a desire to be valued by their peers. Regardless, I hope you're trading ideas are successful.