Quote:
Originally Posted by 2BNTV
I have observed the market does goes down a bit after reaching a new high.
I am sure this Friday, we will probably see a slight dip of 200 points or so as people take profits out of the market. I personally don't believe in trying to time the market. When it goes down, the inclination is to sell but then most people miss the upswings.
Buy low and sell high is a nice theory but how many people make money off of the swings in the market? GOD bless those that do, as they are geniuses.
Two weeks ago it dropped 1,000 points and the following week, it went up a little more than a 1,000 points.
I am hoping it will rise to 20,000. Then it will be interested to see if it goes up further, or start heading down for a correction.
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That's in part because the big investors all pull their profits and secondly investors are searching for more clues on how the market will react but by time they figure it out its already incorporated.