In the last 2 weeks, NASDAQ experience more than 8% correction. Although it is less than the 10% in October and the 15% in September corrections, what makes it significant is it happened at higher levels!
Today I checked the Market Heat Map and 100% of industries finished in red zone! Which makes it crystal clear that there is no chance of making money in long positions!
In the last 2 previous corrections NASDAQ closed below 50EMA for 5-6 days! And this time this is just the first day..! I believe we are going to experience a correction based on the evidence we currently have, the question is how long and how far it could be!
*** Be careful of shorting the market, instead find the most inflated bubbles (tickers)!
*** I know it would be hard for many to sit out for a while, but this could be the best recommendation for the present situation!
Accepting a little loss and it’s restitution would be much easier than a big loss!
Moshkelgosha
Today I checked the Market Heat Map and 100% of industries finished in red zone! Which makes it crystal clear that there is no chance of making money in long positions!
In the last 2 previous corrections NASDAQ closed below 50EMA for 5-6 days! And this time this is just the first day..! I believe we are going to experience a correction based on the evidence we currently have, the question is how long and how far it could be!
*** Be careful of shorting the market, instead find the most inflated bubbles (tickers)!
*** I know it would be hard for many to sit out for a while, but this could be the best recommendation for the present situation!
Accepting a little loss and it’s restitution would be much easier than a big loss!
Moshkelgosha
