buying opportunity or change of trend?, page-3

  1. asf
    9,887 Posts.
    We've had 3 terrible days on the market- 3 days straight. When we have 3 bright green days on the market, everyone cries "Bull!" Now, everyone cries "Bear! Correction!"

    It's hard to be optimistic on days like today (and yesterday, etc), but the markets have needed to let off steam, I reckon. We flew to 5025 without too much trouble, and now we've pulled back.

    As to buying... there's a bit of blood on the streets right now, and I've been watching osme of my favourite shares that I considered to be "solid", lose some 20% recently. Many of these I had sold in the event of such a pullback, almost to where I had bought them for 6-8 months ago! sometimes, it's good to be out of the markets and just watch. I still have some shares and they're almost universally doing terribly, but one can hope for a few green days to counterract this.

    Noone knows if it's just a glitch or the beginning of a deep correction. shares are entirely speculation. It's a cautious time right now though.
 
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