Slow motion sell off | stockbee


Slow motion sell off

It was very systematic, slow motion sell off. It never looked panicky. In panicky sell off you see waves and waves of selling. So there is blood , but not enough.

Lot of talk about 9/11 sell off comparison. In that case after 4-5 days of selling, there was a spectacular bounce lasting months. So if selling persists for another 3-4 days it will be very bullish. I am beginning to turn a bit bullish and looking to deploy cash if there is more blood.

Tomorrow is Fed meeting day so expect lot of volatility.

No comments: