As I mentioned earlier this morning, people are tired of selling and there is a lot of value out there. Long side will be much easier now.
Finally. This is the bottom!
Started by
RadioHead
, Oct 13 2022 11:01 AM
5 replies to this topic
#2
qqqqtrdr
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Posted 13 October 2022 - 11:07 AM
There is lots of money on the sidelines and it has to come in sometimes...... So we should have at least a two week rally to pull money in from the sidelines which can be a significant bear bounce or a start of a next bull leg, but it is difficult to tell which until we look at the internals of the rally... I thought this two week rally started a couple weeks ago but it dropped. However the conditions and positioning that dictate the rally should happen never went away....
#3
pdx5
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I want return OF my money more than return ON my money
Posted 13 October 2022 - 11:27 AM
Market should not dive much from here until 10 years bonds go at 5%.
If 10 year goes near 5%, put on your parachute.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
slupert
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Posted 13 October 2022 - 11:30 AM
This is not the bottom.This may be a short term, bottom nut this is nothe bottom.This Hard stops in place.(JMHO)
Edited by slupert, 13 October 2022 - 11:32 AM.
#5
linrom1
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Posted 13 October 2022 - 12:10 PM
CONTRIVED BOTTOMS don't last. And you can take that to the bank. The first market that'll bottom is China.
Edited by linrom1, 13 October 2022 - 12:11 PM.
#6
trioderob
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Posted 13 October 2022 - 01:38 PM
CONTRIVED BOTTOMS don't last. And you can take that to the bank. The first market that'll bottom is China.
I noticed that too ...... you can count on the Asian stocks to give you clues that the US markets are about to tank and recover.
I watched that during the financial crisis of 2007–2008
