re: banks going lower Timetraveller, I do not mind if you short the banks.
My point is this. You are recommending that everyone immediately shorts the banks because things at NAB are bad and (in your opinion all the banks are overvalued) and therefore all the banks will go down. They well might.
However,If the other banks were due to rally for a bit (because as I have already corrected you on - they have suffered falls already) then couldn't you time your short entry a little better?? Some of the other banks are near T/A support zones.
I am not saying the banks are going to power up to new lofty heights from here - a possible simple rally that is all.
Trading is about timing, you could cause people pain if you don't present the facts and encourage shorting at the wrong time.
Understand where I am coming from???
Commy
nab about to fall, page-24
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Last
$37.63 |
Change
0.350(0.94%) |
Mkt cap ! $115.6B | |||
| Open | High | Low | Value | Volume |
| $37.55 | $37.63 | $37.22 | $77.94M | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9999 | $37.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.64 | 15874 | 2 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| NAB (ASX) Chart |