It seems Europe has shrugged off China and Asian woes as did Aussi...European bourses as well as FTSE up around 2% and trending higher as I type
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It seems Europe has shrugged off China and Asian woes as did Aussi...European bourses as well as FTSE up around 2% and trending higher as I type
Dow ran up followed by late sell off - ended another 200 points in the red. Horrible sign & I think ASX will drop today. Not that I'm too worried as I been trimming holdings for the last month and I sold 3/4 my holdings on NZX/ASX on monday to preserve capital.
KW " Picking a short term relief rally to 5200 - followed by falls as it finds the bottom - a lot will depend on upcoming earnings forecasts and analyst adjustments for lower earnings (both here and in the US). We may have seen the absolute bottom yesterday, if this week puts in a hammer candle, but that doesnt mean its over. Could still take months for all this to wash through. Similar to 2011 (see chart below)
Great post , managed to sell into the index on the hype last night , was a bit ugly for a while ....
Yep you right there kW, just sit back and relax
I'm not taking the piss but this thread has always been full of confirmation bias in my view..i.e people in their head decide if the markets going up or down, then consciously or subconsciously seek out opinions or facts that support either their opinion, or excluding an opinion their actual current position (with the exclusion of Hoop). Would that be fair?
I can't tell the future, neither can anyone else, however we can asses objective measurements/signals and make a decision based around potential risks. Right now most of these objective indicators are pointing one way, so we are taking steps to mitigate potential losses and thus reduce risk. In my situation capital preservation by selling 2/3 of my portfolio. Everyone will have there own opinion on what will happen that is human nature - how each individual came up with that opinion will vary a lot from technical signals to reading some random bit of news and thinking this is fine. The whole market is based on what people think in their heads, and that why one person buys and another sells.....
It would be for me in a way but I have been seeking my confirmation for years reading the daily reckoning, marc faber, jim rogers, peter Schiff etc etc in spite of the markets continual rise. It is good to see some red after all this time being wrong. Maybe I am not logging on enough but I have been missing your charts Trackers which switches from green to red to green again. I am not a trader though so prefer to wait and hopefully get some confirmation in the near future that there will be some real good long term opportunities coming up soon. A longer term monkey dartboard investor hoping to get lucky and still waiting for the financial world to repeat 2007-2009.
Accidentially posted twice can't seem to delete additional post.
That is true! Tough one for me.. Obviously everything says sell, but is it a blip or the start of a prolonged downtrend.. Not sure. In terms of what I said before, when I apply it to myself, well I've been lazy and I'm mostly invested, so I'm hoping for blip - Hoping but not necessarily expecting
And true Aaron,I'll post an updated chart soon!