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Buying the Dip on ASX

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frugal.rock

Joined
3 May 2019
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Sticking the neck out here with a somewhat contrarian view...

I see Powell's comments as giving the market certainty.
Bots and panicking trigger a sell off, but really, has anything changed.
Not on your nelly.

I think in Aus we are disconnected somewhat from the "world's" issues.
We could be properly protected if governments ever work that out before our land is completely plundered... I digress.

I'm buying the dip. There, I said it out loud. ?
I might be wrong though, I have been before, sometimes.
 
I refuse to partake in the

The official "ASX is tanking!" panic thread​

as I believe it incites panic as a headline, and out of panic comes violence and rioting, and to incite violence and rioting is a crime. ?
 
I'm just wondering how falling share prices impacts on the earnings of a company. I've never had an explanation about that which I am able to properly grasp.
 
What do you need to offload?
 
Wouldn't be buying off any dips to soon, there's plenty of room to head south on all fronts, long over due, I say. While the Government reforms politics and and the AU structure in General. (Got to clean the dirt out from under the carpet) Must make way for future highs. I'll be looking for new forms of Resistance, early next year, should the market re- adapt as promised as the world turns...
However looking at a week of lows no doubt. In the near term.
 
normally when you see a move on the SPX or NDX of minus 3percent or above, its like an arrow as to near term direction = down. Our make will follow

Having said that, at the moment, if in doubt buy coal stocks like WHC!
 
Plenty of decent after dump recoveries out there. VML and CDA just a couple on my radar
I note, the usual voices are forecasting the usual slurry.
15 minute bars on an intraday chart.



 
Let's be honest, while we do not need 3 bnpl , or even any, banks well , can buy less clothes and stuff, we still need to eat, warm and cool ourself and use some minerals..so yes commodities, but they will fall too so no rush
 
frugal.rock said:
I refuse to partake in the

The official "ASX is tanking!" panic thread​

as I believe it incites panic as a headline, and out of panic comes violence and rioting, and to incite violence and rioting is a crime. ?
Click to expand...
but if you become the government FIRST it becomes 'fiery but mostly peaceful protests '

in fact a skilled politician would claim it as 'popular support for the government policy '

saw some headlines , saw the US dropped more than 3% tweaked some buy prices down before the open

the Fed has lost the trust of the masses .. it can jaw-bone and bluff , but without folks buying Treasuries ( in bulk ) it has nothing left

( i feel sorry for all those folks in pension funds that are being force-fed those Treasuries )
 
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