So have we bottom out yet? 2 weeks ago many were saying we h...
So have we bottom out yet? 2 weeks ago many were saying we have bottomed. last week as well, many came out to say we bottomed. I kept saying NO. even influential and seasoned investors came out to say we have bottomed.
In my video I explained the data pointing why we have not bottom yet. Vix curves, yields, crude oil, divergences, price action, volume analysis. All this data available points us to more downside. Watch and understand yourself why I say we have not bottom.
That's why I kept saying buy the dip isn't working since 3rd Jan. It won't work until end of correction. The dip will get deeper.
Like the saying goes, in a bull market everyone is a genius. Even the shoe shine boy can tell you what stocks to buy.
We will truly bottom when we have seen enough panic in the market. As of now, we have yet to see that. Smart money are called smart for a reason. They know us dumb money have been buying dips since 2020 and 2021. But one correction in 2022 will wipe out that entire 1.5 year gains. That's when retailers panic and start selling to lock in whatever profits they have left. Panic selling will kick in, and that is when we are near the bottom.
They are the best at playing with retailer's feelings. Especially the new guys who came in 2020 and haven't seen a real 20% drop on the SPX and 30% - 40% fall on most of their favourite "safe bet" stocks.
if you held on so far, good job to you. You are almost at the end of the correction. If you panic sold, don't worry. your capital you protected will help you swoop up more shares at cheaper price soon. ![]()
Stocks tagged below have their technical analysis done. Watch to find out which favourite stocks of yours has bearish divergence and is expecting more downside!
As always, trade safe and invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos! www.youtube.com/c/investing101channel
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beedeebee : so when are we expecting the close bottom to happen and to whack all our money
msg86 : Always follow the master
At the same time, at what price is the master going to buy Alphabet Inc-CL C?
RonaIdo beedeebee: If Tesla hit 600. I whack all lo
Investing 101OP beedeebee: it will be this month as stated in the video. I did give an estimate in the video. so keep a lookout for the updates on the weekly videos.
Investing 101OP RonaIdo: that was what I heard when Tesla was at 1200 and bulls were saying that if Tesla hit 1000 they whack all lo.
Investing 101OP msg86: I will update again coming nearer to the end of the correction.
CapW : Meaning?
Investing 101OP CapW: which part you mean? lol.
live simply Investing 101OP: Correction this month right? How long will it last?
Investing 101OP live simply: been ongoing from 3rd Jan. will end around this month.
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