Did you buy stocks?

[New_Journey]

Now its the time to buy stocks, I bought several and they're shooting up to the sky, don't waste this opportunity. Be smart, take risks and enjoy the success.

 

[BackInTheGame78]

It's most definitely not the time. Market has far more downside risk than upside reward currently

 

[FlirtLife]

Now its the time to buy stocks, I bought several and they're shooting up to the sky, don't waste this opportunity. Be smart, take risks and enjoy the success.

Now is the time to lose 6.7% in the S&P 500 in under two weeks.

 

[SW15]

Market has far more downside risk than upside reward currently

Today (April 3) was a huge down day for the Dow, Nasdaq, and S&P 500.

 

[New_Journey]

Today (April 3) was a huge down day for the Dow, Nasdaq, and S&P 500.

Buy everyday it goes down, and you'll be rich

 

[Scaramouche]

Hi New Journey,
It was Baron Rothschild who was credited with saying
"When the Streets run with blood,even though some of it be your own,that's when you buy"

 

[BackInTheGame78]

Buy everyday it goes down, and you'll be rich

Only if you are shorting

 

[BackInTheGame78]

Hi New Journey,
It was Baron Rothschild who was credited with saying
"When the Streets run with blood,even though some of it be your own,that's when you buy"

The streets merely have a trickle of blood. You want to see real blood wait til a recession is confirmed.

The 20 SMA hasn't even bearishly crossed over the 200 SMA yet, meaning the downside risk is still very significant.

The smart move is waiting for the bottom instead of trying to catch a falling knife.

I've tried that before...all it leads to is a lot of bloody hands and lots of stitches.

Thinking the market "has to go up" at some point in these conditions leads to a lot of pain usually.

 

[Scaramouche]

Hi BackInTheGame,
Tell me about it,When I Die,they will find not the name of England engraved on my heart but 2nd July 1997,the date of the Asian Financial Crisis....I lost half my considerable portfolio that morning!

 

[SW15]

Timing the market is very difficult to do.

I think that stocks will continue to lose value. The markets are nowhere near a bottom.

 

[BackInTheGame78]

Timing the market is very difficult to do.

I think that stocks will continue to lose value. The markets are nowhere near a bottom.

We are well under the 200 SMA on the S&P and it tagged a new low of 4832 this morning before rallying back to almost 5300 before selling off again to close around 5100.

Will be interesting to see what happens tomorrow as we have a wide bar doji that is almost smack dab in the middle and could go in either direction.

I'm guessing we might start down again before rallying back up towards the 200 SMA around 5600 and potentially reject off that over the next few days to fuel a further move downward and a bearish 20/200 SMA cross which would fuel algo selling and cause a retail panic most likely.

Reclaiming the 200 SMA would be a glimmer of hope for bullishness, but more likely a dead cat bounce at this point even if it does.

 

[New_Journey]

They're starting to bend the knee before the emperor. Buy stocks before its too late, you've been warned.