Trying to pick bottoms, averaging down/knife catching, buying in a "wide scale" to "lower your cost basis", these are all wonderful ways to go out of business or go broke personally.
That gigantic negative tick that hit -- -1500 or so -- used to be a tell that a sell-off was reaching puke point proportions, but it doesn't work so well these days with ETFs and other factors that now dominate.
I think this is why Mark Cook's Tick Indicator may have steered him wrong toward calling a major bottom on August 5th.
I hope you are Staying Out Of Trouble -- avoiding the big loss -- today because that's almost 99% of the game
See you after lunch.
Stephen
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11:48 Internals
