Nov 15 • General discussion
Is the top in?
Two weeks ago, the market experienced a significant drop.
This usually leads to another week of rebound that if the market is strong enough would put us back into a bull trend.
However, we didnt see a good enough bounce back.
Thursday was a major drop and Friday was biascally breakeven.
This signals weakness in the short term which means
1. We build up our cash reserve
2. We keep the really good long term positions
3. We wait for an opportunity to buy discounted blue chip stocks
Santa rally might be cancelled earlier but it is better to be safe than sorry for now.
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Cheers,
Eric
Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
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Is the top in?
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