This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory.
ReplyDeleteMonday will test the Mind of Panda and Koala and see how many will run road?
S&P500 below 200-dma. My stocks:warchest proportion now 55:45 thanks to dropping stocks, and I'm getting bullish. :P
ReplyDeleteAAII sentiment is close to Covid low bearishness, and indicators like RSI, MACD, Stochastics, Bollinger bands rather short term oversold.
CNN Fear & Greed index not that fearful though.
I like to see (1) a bit more downside, (2) a bit more fear, and (3) a reversal of -ve ROC or +ve divergences before using some of my warchest.
Huat harr!! :)
Me think the next change will really comes when J.Powell starts monetary policy tightening as
ReplyDeleteinflation rages.
But who knows market heading N or S?
Like Covid 19, market headed S in only very short term and then N to Alaska until now lol.
Will market repeat pattern?
Or Market already starts to react?
ReplyDeleteMany false reactions in the last few sections,lol.