So for first time ever in history the retail investor bought the bottom do you really believe it?
Many people think to be the new market genius who buy the panic bottom,
Of course they don't think about the professional investors generally wait for a reversal confirmation or the real bottom after months or years downtrend but never buy long term in the first wave.
For sure this local dip was a great to buy for short term but isn't entry point for long term investing.
Don't forget a long-term professional investor long the market long time ago and they are still in profit we are in dead cat bounce and i can guess many investors are taking the profit.
What make me laugh many people short the stock market for years again and again and you know what? now market turn into bearish they switch to direction long...
I saw some bear thinking this was good to short long term in 2017 right now we are way above 2017 level price and even higher than begin 2019 do you seriously think right now the situation than in 2017? No of course and do you really seriously think market condition it's better than begin 2019??? no wayy!!
For first GDP is down like in all country and before it was like GDP was lower than expected it was like "short the market" now we are in negative GDP like most likely never as been before.
Of course you will say, but “the coronavirus will be gone soon so everything will be fine” yeah but if many companies make bankruptcy or do avoid bankruptcy will remove jobs to get money and many people might get in unemployment and so don't get money and so not able to buy anything it will reduce the consumption so less profit to company...
About technical we hit like 50% retracement we are very likely to continue the downtrend soon... of course we can go higher but no wayy above 3100 anyway.
Target I want to say lowest as possible like 2000 and below maybe even below 1600.
Feel free to communicate your thought in comment!
Just let's see now!
Many people think to be the new market genius who buy the panic bottom,
Of course they don't think about the professional investors generally wait for a reversal confirmation or the real bottom after months or years downtrend but never buy long term in the first wave.
For sure this local dip was a great to buy for short term but isn't entry point for long term investing.
Don't forget a long-term professional investor long the market long time ago and they are still in profit we are in dead cat bounce and i can guess many investors are taking the profit.
What make me laugh many people short the stock market for years again and again and you know what? now market turn into bearish they switch to direction long...
I saw some bear thinking this was good to short long term in 2017 right now we are way above 2017 level price and even higher than begin 2019 do you seriously think right now the situation than in 2017? No of course and do you really seriously think market condition it's better than begin 2019??? no wayy!!
For first GDP is down like in all country and before it was like GDP was lower than expected it was like "short the market" now we are in negative GDP like most likely never as been before.
Of course you will say, but “the coronavirus will be gone soon so everything will be fine” yeah but if many companies make bankruptcy or do avoid bankruptcy will remove jobs to get money and many people might get in unemployment and so don't get money and so not able to buy anything it will reduce the consumption so less profit to company...
About technical we hit like 50% retracement we are very likely to continue the downtrend soon... of course we can go higher but no wayy above 3100 anyway.
Target I want to say lowest as possible like 2000 and below maybe even below 1600.
Feel free to communicate your thought in comment!
Just let's see now!
Comment:
Look at google trend hit all time high on all search about market like "How to buy stock" "SPX500" "Stock broker" "Investing" "Finance" Beware the herd was never so much interested in market in the internet age
Comment:
Oops misstype look like some I miss some word
"For like first time in years GDP is down like in all country, and I remind before it was like GDP was lower than expected it was like "short the market" now we are in negative GDP like never has been before."
I think this should be more understandable
"For like first time in years GDP is down like in all country, and I remind before it was like GDP was lower than expected it was like "short the market" now we are in negative GDP like never has been before."
I think this should be more understandable
Comment:
The news headline seem to be really positive right now mostly about financial and also on the futures of the coronavirus.
This likely not a short term bottom.
You can't compare with end 2018 correction reason this was we go down only 20% don't stay below, not like right now we go down around 35% from top so really stay below 20% the bear market level.
Also look at psychological aspect in december 2018 really not many people bought at the dip and like probably no one ever think about V bottom and market sentiment was really scary even The President Trump talk about this and said seem like a bear market. Now I saw too many people call at V bottom in a situation which isn't likely.
This likely not a short term bottom.
You can't compare with end 2018 correction reason this was we go down only 20% don't stay below, not like right now we go down around 35% from top so really stay below 20% the bear market level.
Also look at psychological aspect in december 2018 really not many people bought at the dip and like probably no one ever think about V bottom and market sentiment was really scary even The President Trump talk about this and said seem like a bear market. Now I saw too many people call at V bottom in a situation which isn't likely.
Comment:
Opps I think above I mean "The current low is not the bottom and it should be broken soon" instead of "This likely not a short term bottom."
Also, I saw I made some typo and grammar mistake but no big deal I think but its still an accurate corrected version here if you need to understand better pastebin.com/gzXqbBxG
And please consider liking this idea if you liked of course and subscribing it means a lot for me! :)
Also, I saw I made some typo and grammar mistake but no big deal I think but its still an accurate corrected version here if you need to understand better pastebin.com/gzXqbBxG
And please consider liking this idea if you liked of course and subscribing it means a lot for me! :)
Comment:
Here an update on technical view!
Like everyone see needless to say we are in a sort of kind rising wedge.
Watch if is any typically sign of breakdown to get a short opportunity.
We also have move in two wave and this was near to 100% of extension.
Of course keep a eye on 61% retracement from the top.
Keep an eye on the support in green at around 2640.
If we go below the red zone, this means a downtrend confirmation and bull will probably exit the market because not much hope anymore.
/!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\
Watch if is any typically sign of breakdown to get a short opportunity.
We also have move in two wave and this was near to 100% of extension.
Of course keep a eye on 61% retracement from the top.
Keep an eye on the support in green at around 2640.
If we go below the red zone, this means a downtrend confirmation and bull will probably exit the market because not much hope anymore.
/!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\
Comment:
woow USOIL at 4$ -80% in one day and US isn't in bankruptcy??
Comment:
all what i saying above is still valid! still watching market
Comment:
Major update here!
