As I wrote on October 14, 2008 it is becoming clear we are close to the bottom of largest market falls, but a recession is what we are just enterying. However as this is happening the worse falls are behind us and markets are now looking to find their bottoms. This means large volatility, and brings plenty of opportunity to make money, but also to loose some.
Caution is hence advised. I recently started day trading, and it was not uncommon to see in stocks that I traded, such as ANTO.L (a large in the top 100 by capitalisation in UK) moves that ranged over 10% during a trading session.
Anyway, a lot, really a lot, of chaotic trading seems to be going on at the moment. These are dangerous times and predicting market direction is hard, lets look at tomorrow. The previous 2 days have seen some growth of market prices again, and today there was slight drop, most of it starting on the Dow Jones after British markets closed at 4:30pm (Greenwich Time), hmm... I'm
thinking now tomorrow might be a negative roller coster as traders sell some of the growth they accumulated over the past up days. Let's just see what will happen tomorrow ;-) !
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