When the markets drop 20% this will not show a dent on the charts if you use log scales. Therefore most intelligent types will not sell.. then it drops to 50% and the drop is getting more significant.. but it still doesn't show the damage on your charts.. keep holding.. when is it significant.. 87% from 1929?
In reality (as you might have realised from CSL) a drop in value by 20% from the highs is taking longer to recover than before. The drop in value doesn't look at log scales.. it just highlights missing out on an opportunity.
When the markets drop 20% this will not show a dent on the...
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Last
8,099.9 |
Change
24.200(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,075.7 | 8,143.6 | 8,075.7 |
| XJO (ASX) Chart |