This kind of volatility belongs to a bear market.
This is not bull market action
Posted 28 February 2018 - 03:15 PM
Posted 28 February 2018 - 10:45 PM
Depends on your timeframe NAV. Looks like churn before highs. When 50 dma crosses 200 dma I may reconsider. Until then its a bull mkt
It's not about the timeframe. I am talking about the market characteristic - sharp rallies getting sold brutally and big volatility all around. Yes, we may make a new highs a few months in the future or not. That really does not concern me as a trader. I need to qualify the current environment that i am trading in.
"It's not the knowing that is difficult, but the doing"