Hello investors and traders,
Warren Buffett famously said,
"Be fearful when others are greedy and greedy when others are fearful." I have seen this quote everywhere on social media last few days/week.
Retailer investors are being so GREEDY right now and buying stocks because it is cheap...This tells me we are nowhere near the bottom.
Learning from bitcoin, market bottoms when people are in depression and give up on investing because they are scared or have no money left.
As mentioned last week, we need to close above the 200 MA LOW on the monthly chart in order to have a chance of a quick recovery (4885).
Currently we are below this line, so let's prepare and assume we have close below this.
Here is my WORST CASE scenario for ASX 200.
We start the 3-9 TD sequential correction phase and head towards 2500. The catalyst for this to happen is an Australian recession or even a depression.
What would you do if this is the case? What are you going to do to protect your portfolio/wealth?
Warren Buffett famously said,
"Be fearful when others are greedy and greedy when others are fearful." I have seen this quote everywhere on social media last few days/week.
Retailer investors are being so GREEDY right now and buying stocks because it is cheap...This tells me we are nowhere near the bottom.
Learning from bitcoin, market bottoms when people are in depression and give up on investing because they are scared or have no money left.
As mentioned last week, we need to close above the 200 MA LOW on the monthly chart in order to have a chance of a quick recovery (4885).
Currently we are below this line, so let's prepare and assume we have close below this.
Here is my WORST CASE scenario for ASX 200.
We start the 3-9 TD sequential correction phase and head towards 2500. The catalyst for this to happen is an Australian recession or even a depression.
What would you do if this is the case? What are you going to do to protect your portfolio/wealth?