Breaking the Bottom Offers Another Short-Term Opportunity

2008/4/17 15:05:56

If 3311 can't hold, naturally the bottom breaks — there's nothing more to say about that. But this in turn creates another round of 419: a new short-term opportunity has arrived.

Today, any capital with half a brain was swarming into a certain newly listed stock to grab things, but this actually threw the market into chaos. Tomorrow is critical — it all comes down to whether the various forces inside will undermine each other.

Right now, breaking the bottom isn't necessarily a bad thing. Break the bottom and bounce, break the bottom again and bounce again — if you nail the rhythm, you can still make money all the same. For the medium-term, we can only wait for the fundamentals to become clear. When things aren't clear, nobody has any interest in being cannon fodder.

Nothing else to say — just operate by watching the charts.

Heading out first, see you later.