Market does not make top or bottom everyday but analysts predict one practically every other day
When asset is in downtrend: one should never hunt for bottom. It’s a stupid and foolish game. Just look at Chart of Gold below and think about Bottoming out calls you would have heard in last six months on Gold.
There is a
big lesson for everyone. There is no fun fighting the trend. When
Bullish trend is over: Buy on dips is a bad strategy. Also, when long
term trends change, it may take years before trend reverses itself.
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