Monday, August 8, 2011

caught in downdraft of a crash... what now?

Two weeks ago saw hints of at least a short term pullback...not...as it turned into a market crash instead. Price-wise it's the typical 20% correction every other year or less... but it's the the violent move down and intensity, in just two weeks, that marked this event in comparison with other important bear market crashes/corrections. If we're at or near a low then a strong 5-10% rally for a week or so should occur and then never correction to occur back below to new lows. Pretty similar to last summer's flash crash event.

No comments:

Post a Comment