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It is said that " no one rings a bell at the bottom of the market"
Im ringing the bell.
All the evidence points to the market having bottomed.It may have more down days but the chance of catastropy has passed.At some point the cycle must turn.Its impossible to say precisly when but if it has not turned already then it is at hand.
My only other comment is that cylcles are getting smaller in time so a bull market over an extended period of years is less likely.
I am now going to resume trading with an upside bias.
Im ringing the bell.
All the evidence points to the market having bottomed.It may have more down days but the chance of catastropy has passed.At some point the cycle must turn.Its impossible to say precisly when but if it has not turned already then it is at hand.
My only other comment is that cylcles are getting smaller in time so a bull market over an extended period of years is less likely.
I am now going to resume trading with an upside bias.
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I started buying about three weeks ago and had a nice uplift on a few stocks. Things like 3 quid Aviva you are always going to do alright with. Looking to sell out before end of August/mid September, or at least reduce risk a bit.
big reversal friday night when futures were down 100.Indicates market does not want to go down.Get on for the upside.
I thought it was "no-one rings a bell at the top of the market". Although when the tea-lady starts buying stocks and shares it is a good sign that things are peaking.
0% interest rates will support the market but weak US recovery,China slowdown and European austerity cuts will take the market back to rational levels
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