Worst advice ive heard in a while. The best opportunities present themselves when the market is volatile and fearful. The last 3 days have been incredible money makers. Sit out if you dont know what you are doing. Otherwise, there is money all over the floor waiting to be picked up by people have the balls to go for it.
remember when people were buying the dips for the past 8 months, well now the opposite is going to happen where when one gets the chance to sell into a rally, THEY WILL TAKE IT!!!!!
Amazing that the dip buying is still so strong, to me that says that there is no real fear yet and there is more downside to come. My guess is that the redemptions at 3PM are going to be hefty and we will see a significant move down in to close. Could be fugly!
that's an interesting chart, but dont get hyptnotized by it, the market is going at act like a viper the players have by the tail i think what happened this week is very signifigant, and that it's not over if it really is the start of a bear, they've got to keep hope alive my guess would be that 2000 high will be a very signifigant support test for the dow, is that at the 11700 you suggested? spx was repelled by 2000 high
Redemptions at the retail level. Massive. Hedge funds being flooded with investor calls. I can smell the panic now.