First, a Bzzzz on me for a misplaced RSI read supposing the market's bounce off yesterday's bottom might continue today. Distressed Japanese investors saw things differently...
May we all be so fortunate that this is the closest we ever come to facing a tsunami. Indeed, that apparent consensus believing today's rough start served to "wash out" sellers might better watch their language. What you see above is a huge wall of water whose destructive force, like the ocean, equally threatens the entire globe with a financial shock wave coming from the Japanese capital.
This thing is doomed. Forget "washed out!" More like well-poised for collapse. But don't just take my word for it. Listen to those capable of putting a floor under the market and making it stick...
It appears their better judgment sees this not the best moment. Quite fitting! Very foreboding...
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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