Have we seen the bottom of this phase?.From a weekly...

Have we seen the bottom of this phase?

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From a weekly perspective, a small drop from 1040 to1009 this week. Volume, normal.

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So what is happening? Playing the macro. Trying to find the bottom. We reached 948 this week. Will that be the bottom for this phase? Not sure, but I feel there is at least 50/50 chance. Last week I wrote that there is a chance of 50% retrace, if general markets don't behave, like close to 900. The markets recovered yesterday. So that was good. 948 is not exactly 50% drop, but close. I have been writing for several weeks now that drops will be closer to 50%. Big stocks like BMN, BOE, LOT dropped over 50%. Lot of mid and small stocks much over 50%. PDN/DYL close to 50%. So in the range.
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I was writing for some time that we may top end of May +/-. I have been writing for over 2 months that we may bottom end of July +/-. Last week I wrote there is a good chance we may bottom this week. Good chance CCJ may bottom this week. It reached 35, a high it reached coming from 20s, it acted as resistance this week. So odds are not bad, but let's see. I am a very small player making predictions, I could be wrong. There are big players on you tube so please check with their analysis.

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Personally I bought PDN this week. I had exited end of May having written that it may top over there. I was lucky with my call, and it did top there. I have been writing for over 2 months that I will buy around this time, hoping for a bottom. I did buy this week, my average is1000, haven't picked the bottom, as I feel its not easy to pick bottom. I feel it should be in a range one is comfortable. And perhaps stagger the buy. I have bought 40%of what I want to buy. If it looks like going in the right direction, I may buy the rest next week.

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So what may happen next week? All depends on U macro. On CCJ. On general markets. Let's hope it's in the right direction. Enjoy your weekend and all the best.