We could be close to a short term bottom here (i.e. we might be higher than here next Friday afternoon), but this is just the start of this bear run.
Yes, I'm banging my head on the wall about this, but I dare anyone to take a look at the XAO/XJO, look at any sort of momentum indicator on a weekly level, and tell me thats anything but ominous. The only thing remotely bullish out of today's trading is that we respected a long term logarithmic trendline spanning over 20 years.
Take all rebounds as an opportunity to strongly reconsider your positions in your stocks. The weekend has come at a good time - lots of thinking to do for us all!
