The Beauty Of The Market

The market does not like to make it easy to catch bottoms. I was a little disappointed when the market bounced right off of the support level that everyone was watching this morning. It just seemed too easy. So what does the market do? It makes another trip lower later in the day, where it seems inevitable that 1040 will be cracked, the weak hands are shaken out and only the true believers are left. Bravo. That was beautiful.

3 comments:

Market Owl said...

I don't think that was the bottom.

Tsachy Mishal said...

Maybe not "the" bottom but "a" bottom. And you must admit that was pretty tricky.

PJ said...

Don't you think it's odd that the S&P 500 is up but the Nasdaq and Russell 2000 are down?

The rotation out of risk is continuing.