Replies to post #5765 on Zeev's Turnips Patch-No Politics (ZEEV)

[shtirlitz]

Obviously there will be point from which the market bounces here and there. But everyone looking to buy this dip next week.

I'll give you one simple example.... NVDA..... Everyone gave it a shot on the way down.... and everyone was wrong. Who knew it will go from 70+ to 16s almost non stop. And of course almost every trader I know tried to buy it in 20s and got burned.

So the selling may continue. As for the point that you have to buy the dip to sell the rally, its not valid, as there are a lot of long term holders in this market who are just now ggetting concerned, and they will be the bulk of sellers. not the previous dip buyers.

Once again... my major concern is how many ppl are looking for a bottom next week. And a lot of them will be throwing themselves with bare chests on machine gun nests.