And also "its never to low for a short".
Todays close was a bounce only IMO. If we want a sustained rally we need significant volume associated with a low.
This has not occured yet. VIX ready to spike and market set to have a dramatic capitulatory fall to put a decent short term bottom from which to rally from.
This will happen early next week IMO. An important turn date occurs next week and could mark our low.
No stocks are too low-have a look at the PEs of companies at the bottoms of all of those previous bear markets..... Scary eh when you compare to present figures.
dyor
And also "its never to low for a short".Todays close was a...
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