Free Falling Stock Market
2008/10/29 Wed 02:57:13 [edit]
27 OCTOBER 2008. A day to remember.
The Hang Seng Index was down by some 15% at the worst moment, and was down 12% at market close. It was the worst day since the 1997 asian financial crisis.
I understand what does it mean by catching a falling knife. It's simple: You got hurt by buying into a plummeting market. Trend is your friend and don't buck the trend. if i were all the way selling into this I would have been done so much better.
I will remember that.
The Hang Seng Index was down by some 15% at the worst moment, and was down 12% at market close. It was the worst day since the 1997 asian financial crisis.
I understand what does it mean by catching a falling knife. It's simple: You got hurt by buying into a plummeting market. Trend is your friend and don't buck the trend. if i were all the way selling into this I would have been done so much better.
I will remember that.
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