Doesnt mean I am permanently out but sideline watching seems...

Doesnt mean I am permanently out but sideline watching seems right for me.

Careful Mel, I am looking at double bottom formation here a distinct possibility.

Sometimes when news the actual real news re numbers etc re recap and D 4 E comes markets can either shoot up straight away or they have a lower second bottom open on knee jerk reaction then after initial open, market just keeps going up realising that it was not bad and is actually v v good as worst case scenario was already priced in.
so either way i am looking at decent bounce technically from here around these levels and or of previous bottom. So far i am betting more on the side of a higher second bottom .