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I might argue that we are in a better economic position now, than we were in 07/08 where the economy was over leveraged. the Leverage all dried up, but here we are again. Might just mean things are not as bad as the world perceives.
Just as a stock is not a company, a stock index is not the economy.
Why?
What is the "something"? If it's a feeling inside your gut, it could be that you have not yet had lunch. Identify the "something," and you can make a case, and possibly profit from it. Otherwise, it's just gambling and "eeny meeny miny mo" would work just as well.
You're right, without correct reasoning it may just be a gamble.... however, technically it is a very good trade, but i'd need to look way in to the fundamentals before thinking about taking it. Does anyone else not think it may be significant?
Because previous lows / highs often work as support / resistance... not just on large time frames, even on 5 mins.... do you not think that it may have significance josh?
Well i was pondering on waiting signs of a clear reversal around the 14,200 area and taking a risk of 500 points... and keeping fingers crossed that it collapses to 10,000 or possibly more... very optimistic i know, but possible over a long time frame. Is anyone else having similar ideas? Tbh i am much more suited as a day trader, but if it did show signs of reversal around that area, it could be a good trade, one not to miss out on
