testing and retesting
Funny... the analysis meter on this website has the indicator on SELL... ok... but here is the thing.. if you sell right now its too late...!! This is the time to buy.. gradually... Now, while the fundamentals of the market are beyond the scope of this "publication", here is where I think we stand from the chart analysis perspective. We retested today the 0.618 Fib level. We are back at the levels of November 2017. We are almost at 10% correction level. If you draw the weekly channel, we are at the multiyear SOLID channel and even more so at the lower edge of the lower band (screaming buy)... In normal markets or should I say in "quiet" markets we would loading up the truck here, but given the "unruly" environment and the instability of things we can go lower. I am gradually employing more cash buying in. Many a great investors have said the time to buy is when "there is blood in the streets"... well there is! Ask your self if you should hold an umbrella or a bucket in this "weather". I hold a bucket.....
Good luck to all of you out there....
Good luck to all of you out there....
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.