Bought In - Oversold- Imagine all The shorts that Will have to Cover!
Really if they do 75 this will really head much higher - I was hoping for 50. If you just bought in at or near this level you are fine. The market is now oversold. Nice market comeback recoveryaction here. Down but really not bad. Will be a rally next week.
'Down but really not bad. Will be a rally next week.'
The notion of capitulation was not invented out of thin air, but learned from pretty bloody experience. Down but not bad I agree, but I think that also means we have not yet reached the end of this down cycle.
Just bought in today. I've been waiting for a few months now for an entry point on C and couldn't believe to see it today at under 21. Not holding long term term but feel it is good enough for a bear market rally to about 25.