Gap is marked in - Depending on the overview- we are expecting bad numbers job losses etc - it very well could go back down and fill that with the next large drop - when/if that happens -(likely) but that is an opinion - to much guessing prediction fear and noise in general - imo
However it is real - things can get worse and the news will scare everybody - so perception is important - on any given day
IF you are a long term holder and are in the red and also intend to hold into the future - I guess you have to think about a strategy to lower your average and get back on the right side of the trade -
What I think some of the bigger players did was shake this out and buy back lower - it remains to be seen whether this will create a floor -
That is the hard bit - they could have got their money out reasonably unscathed and now let it fall - you just have to watch....
APT - when the big boys are on the trade - hugged and retested 50 ema most of the day had one rip down to the 200 and the timing of that was predictable -
