Also instead of going back to 95, look at the 15, 30, and 50day moving average of those stocks. Am I to think we won't get a rally of say 30% from fridays low?? Look closely at the previous bear markets, the CTR ( counter trend rallies) ARE FIERCE!
Unfortunately nothing I say will matter since you have already made up your mind. Just wondering how you felt when we bounced in January, and how about the bounce in December, and how about the bounce in October, and the bounce August, andf the bounce in june??
Its all about timing the sentiment and levels of depreciating prices of the stocks to call an intermediate bottom.Then trade the carnage!!
I am a firm believer of MUTIPLE EARNINGS CONTRACTION and I do think that is what has taken us to 2000, and it could very well take us to 1200 before its all over, but I will still play the bounce...........simply put!! |
