I fully agree with flyheart's analysis. DOW came down 6% and DAX down 9.1%. It is a wise strategy to buy low. with the current market situation, one should buy at the closing if the market tumbles 3%. In a long run, he/she makes money.
I think yesterday's low is the bottom of the current correction. Market will go up until next weekend. The reason is that several companies will announce figures before 3rd July. Personally, I think those figures will bring some good news to the market. After that, we should shift our attention to mid July. GS will announce its earning. I have a faith in GS.
My personal view. I would like to know others' comment.
Currently, I am playing with options, which is quite risky. It is kind of gambling and timing is really important. |