Day traders' after-market lounge August 5, page-15

  1. 12,302 Posts.
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    Yes the worst thing that you can do sometimes is jump in too early - wait for the bottom to be confirmed - that can take a while -

    Powder dry is a good way to view the situation - a lot of the indexes are at peaks - sit back and watch are my thoughts - also a lot of stuff going on in the world that has not become clear as yet - nasty stuff even more nasty brewing in the middle east - can get much worse imo -

    I think @Endless nailed it a bit today mentioning peeps selling off their good stuff -
    We seem to be at the beginning of a correction here so buying half way down can be a good way to loose your shirt ..
    Just taking the weekly DJI here - see how things are when it is closer to the long term trendline .
    https://hotcopper.com.au/data/attachments/6361/6361481-6ef8eb3d821d6a8c04e51e132f0960b1.jpg

 
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