Moped, I'm really sorry to hear that mate. The thing about it - and I didn't live through 87, so I probably am not too confident in this: is that to get a "bottom" you need panic to be replaced by greed.
A really really large sell off, larger than you could imagine, to get people's fear running. Then its time to buy. That happened today, and hopefully I will be right in saying that its up from here.
Obviously, its probably not in keeping with US futures right now, which are terrible...
Don't worry buddy - you may still be on the right side of this just yet.
My advice - don't overtrade today. Just close your screens and go for a walk, or to the gym, or whatever. Just don't go bananas trying to get back into the market, cos that's when you'll get whipsawed.
This isn't all over yet, and there will probably be more flirting with current levels, but this will mark the start of the new run.
Phew, thought I'd have to stop posting my analysis for a while.
BHP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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