I think during such crash one should not think for short term gains they should see it a buying opportunity for medium to long term. Thank you for the information. I am following you.
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I think during such crash one should not think for short term gains they should see it a buying opportunity for medium to long term. Thank you for the information. I am following you.
Actually, having said all what I said in the previous comment, I think there's still a chance it could go a bit higher than where it is now. If we take take the recent top as $412 and the recent low as $204, and calc the mid-point between these, we get $308. A bounce-back can often retrace 50% of the drop, so I wouldn't be hugely surprised if the bounce could get somewhere close to $308. But I'm not sure how much money I'd put on this scenario!
Which is another way of saying that i may have changed my mind slightly :/
Short term (next hour): probably up
Medium term: side-ways.
Or perhaps I just have no idea!