Stock Market Analysis – 10-06-2008

October 6, 2008 at 9:46 pm · Filed Under Broader Market 

SPY Daily Chart (10/06/2008)

Thought last Friday was the oversold point?  Here’s another example of why you shouldn’t try to buy in to a falling market.  I’m always tempted to buy in after a large drop, but after a few expensive lessons I’ve learned to restrain myself.  If we keep experiencing drops like today though, we’ll hit the bottom much sooner than I thought.  That means that now is the time to start watching stocks so you can pounce when the time is right.  Stay patient…

Comments

Leave a Reply