My concern is that I've missed the bulk of the bounce, even though I've thown a lot at the bounce as it is. I'm hoping EW is right and that there's a retracement at some near point to make the most of!Opportunities like this come around very rarely, by preparing now and managing your risks it could be life changing imo. Trade what is presented to you by the market and don't let your bias (either way) cloud your judgment as in a few years you could be kicking yourself for missing an opportunity of a lifetime.
We may have seen a bottom (or not) but trade the market! Not the current economics! I see threads here now about cars sitting in grave yards and think wow! what an opportunity! I see the price of houses going pear shape and think wow! what an opportunity.
For those who have been prepared for this event and have some cash I think - wow! what an opportunity!!
(not to say the worst is in, or course, but wow! if it goes lower, what an opportunity!!)
Yes, I have totally underestimated this, and I'm much poorer for it.lol.. go attack dog Kennas
Can't say I'm hating this, but a little surprised at the ferocity.
I would agree that (our) banks may have made a bottom, unless there is some further catastrophe further on down the track.
Personally I think the future is unknown at this stage. I did miss out on the rally yes, but just as it started I could of jumped in and it could of fallen just as it ran out of steam.
Will the rally continue from here? How much longer? I don't think anyone really knows. Just when everyone is confident of a recovery is when some more bad news will come and cause more selling.
.
But, it still seems like a chance. So, I'm kicking back here, in Lima, with my grandmas kidneys, waiting to put them on black!
Grandma isn't so keen on my plan!
Still a chance that the worst isn't factored in though!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
TRADE THE STOCK MARKET, NOT THE ECONOMY!
+1 to that comment...
I've given up trading 'news and event's... block your ears and disregard everything you read... just trade what you see.
FWIW... this rally is just 'bullsh!t in a bear market'... i wouldn't go out on the limb to say that we're heading back to record highs yet... I will wait for that confirmation... a higher high or lower low before committing serrious money back into the markets.
I'm in the same boat here - didn't expect it to be very long lived with all the bad sentiment out there. Then once it did get some legs I figured it would have a downward correction any day and I still have that feeling. So for this rally I think I am consigned to be sitting on my hands and wait for a pull back or a larger correction.Yes, I have totally underestimated this, and I'm much poorer for it.
For those that did buy in close to the lows, the question now is when to take profits! Is this a 20% rally, or a 50% rally? or ?????????????????????????I'm in the same boat here - didn't expect it to be very long lived with all the bad sentiment out there. Then once it did get some legs I figured it would have a downward correction any day and I still have that feeling. So for this rally I think I am consigned to be sitting on my hands and wait for a pull back or a larger correction.
Was a no brainer really. Those who have stood on the side with their hands behind their backs should take this as a lesson for the next time. And a special mention for the economists: This is the stock market! Not the economy! The stock market does not run on current economics, but future perception of economics!
Lower lows anyone?
lol
lol.. go attack dog Kennas
Isn't it funny how the future perception of economics changes the markets just as those historical lows (% of fall) are reached once again?The stock market does not run on current economics, but future perception of economics!
If you had access to unlimited money ie The Fed, wouldn't you be 'tickling' the market at the most opportune times, like this morning's finish? They only have to get past some technically important levels for the tech heads to jump in again and to become self perpetuating until the next set of sobering data eg unemployment. Then again, during the bull, most if not all negative data was comprehensively discarded whilst blinded by the herd mentality & greed.
You could take it as a sure bet that the equity market will be artificially supported by the 'firm' at least in the short term despite the fundamentals? Just don't know how long they can do it before they get found out, like everything else?
i love all this mass hysteria now to get back in the market, since i'm learning about behavioural finance
Most people forget that the biggest rallies, percentage wise occurred during the great depression.
IF Mr. Market is going to fall down when can we expect a wobble or some sign?
I predict with in 4 weeks...
My concern is that I've missed the bulk of the bounce, even though I've thown a lot at the bounce as it is. I'm hoping EW is right and that there's a retracement at some near point to make the most of!
I'm not interested in trying to pick the bottom, I'll buy shares when I feel fairly sure all the crap has washed out and the markets have been repaired so companies can deliver dividends I can rely on and reasonable growth.
I can't see that yet, what I do see if a lot of optimism pumped into the market based on very little my opinion.
Agree mate, there are no signs on any chart I've seen that a trading range is about to commence.
Markets don't just shoot back up after a severe downtrend such as this.
gg
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