RE:RE:RE:Massive Negativity....you know what that mean....BUY!You're certainly right about those who bought yesterday being very lucky.
It's very difficult and near impossible to accurately pick the bottom. You never know what the markets are going to do day to day.
Even though LSPD had broken it's previous most recent low and even dropped below $19.00 to $18.89, the proof is that Condor who is always looking for trading opportunities whether it's LSPD, SHOP or NTR, was suspecting an additional LSPD drop, which thankfully never materialized.
Instead the markets and LSPD did exactly the opposite and surged this morning.
But it also could have very easily gone the other way and plunged after the CPI report release. Not overnight but only after this mornings 8:30 am inflation report release, about 45 minutes before todays open did US stock futures start surging this morning.
It's still basically a cr@p shoot with interest rates and the fed trying to control inflation. Keep in mind that on the next CPI report release, Decmber 13th, the markets could once again very easily go the other way and plunge. Were still not out of the woods yet.
So, how much of a gambler are you? How good are you at flipping coins and making the right call?
The only thing we have working in our favor is that the markets historically have been on a general upswing from October onwards into the New Year.
So, the question is, how do you predict if the market will surge or plunge on a short term basis, like today, amid all of this incredible volatility?
How do you know when to buy when you think it's hit it's low and when to hold off because it could still keep on dropping some more?
The good news is that it looks like LSPD has once again begun it's upward climb. Hopefully, for all here, it'll be a more permanent and stronger upswing than the last time, which started at $22.30 but ended up fizzling out at a little under $27.00.
GLTA.