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Just Hang in There

Trading 101 | August 10th, 2008

I would tell Chinese investors to just hang in there. This chart is just screaming out to investors to “hold” on and be patient…isn’t it?

What Others Think

Petter Added:

August 11th, 2008 at 11:12 am

Trend Followers probably went short this market some place around the 4500-5000 level. They are probably still short if they were not stopped out during the small rally during the spring?

Dogwood Added:

August 12th, 2008 at 7:13 am

Heh, I’m sure there is a bottom somewhere in the 2,500 points remaining in the index! Of course, it might be at 2, but still, it is there somewhere!

Scary chart if you bought and held at the top.

What do you think?

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