Author Topic: This is what catching a falling knife looks like  (Read 138 times)

Patrick

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This is what catching a falling knife looks like
« on: April 13, 2018, 10:07:44 am »
Luckily it's just a game here, but some people do this in real life too...

Bevan

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Re: This is what catching a falling knife looks like
« Reply #1 on: April 13, 2018, 03:05:26 pm »
And next week should see Steinhoff collapse even more.... Short term momentum is getting ready to break down.... Fundamentally it's called "capitulation" or "throwing in the towel". It's a classic bear flag i.e. after a big fall, market trades sideways as momentum recovers back into positive territory, then finally breaks back down, as it must. The explanation is that buyers finally get tired of holding up the market, the weak longs start to get taken out, and finally everyone decides they've had enough. Voila, le "crash".
« Last Edit: April 13, 2018, 03:08:09 pm by Bevan »