Be careful.
And I'll say that again, be very careful about trying to pick a bottom in this market.
Even with very oversold momentum and breadth indicators reaching levels that worked before
ore buy points,
with prices that have fallen significantly from their prior all time highs, their is a strong temptation to go back in
and buy
The market risk here is that leaders in the multi year bull market, the technology stocks,
are now in very dangerous technical rollover patterns laid to blame by the dramatic sudden rise in interest rates,
Microsoft,Amazon,,Apple, and the old Facebook
these Fang stocks are in serious DANGER of crashing
You with patience will begin to buy only when a stock turns up,
The others shoiuld be sold while you have liquidity Mostly lo return cash to the buyer.
THE_UNwind
4/17/22
The Woods of Connectivut
And I'll say that again, be very careful about trying to pick a bottom in this market.
Even with very oversold momentum and breadth indicators reaching levels that worked before
ore buy points,
with prices that have fallen significantly from their prior all time highs, their is a strong temptation to go back in
and buy
The market risk here is that leaders in the multi year bull market, the technology stocks,
are now in very dangerous technical rollover patterns laid to blame by the dramatic sudden rise in interest rates,
Microsoft,Amazon,,Apple, and the old Facebook
these Fang stocks are in serious DANGER of crashing
You with patience will begin to buy only when a stock turns up,
The others shoiuld be sold while you have liquidity Mostly lo return cash to the buyer.
THE_UNwind
4/17/22
The Woods of Connectivut