daytrading may 16 afternoon, page-40

To those who think there are bargains to be had at the moment, wait a few months in my opinion. Yes, it feels like we've been hit hard and yes it looks like some stocks are oh so cheap already, but we haven't seen anything yet in my opinion. Anyone who buys into a market with the weekly stochastics positioned where they are on global markets are asking for a right old belting to their portfolio.

We haven't even got into the "sell off your dogs for EOFY" stage yet! Yes, we may see a dead cat bounce at some point, but I guarentee you that our markets will be far lower in 2-3 months time. The bearish signals on global markets are compelling. Be very, very careful catching a falling knife is all else I'll say.