This is the typical anti-anthropomorphic climax reaction of the markets ...
- to induce maximum pain to the group holding maximum positions ... longs in the bull market ... creating additional pain of the menstrual red on every screen just before the labor day :-) ...
- even though I suspected the buyers would pre-emptively return before the labor day, this time around, because of the last week's beating, but the Monday morning action proved me wrong. Now, I guess :-), is just a spectacle of watching bears make an offensive move, against retreating bulls, creating a gulf in between where prices are free to fall and see its end someday, when the bulls compress the spring on their rear to such an extent that they have no choice but to start the EXPLODING offense (ample market funds on the sideline to be re-invested ... )!
- on the other hand, its exactly sentiments like this from individual investors, which marks the bottom in a retreat!
btw for what its worth, in the top 50 retreating stocks, ASND is nowhere to be found in the first 25 right now, implying thereby, this may be in the first batch to start the offense then, when THE Time comes!
cheers,
-/Sonny. |
