/biz/ - Business & Finance

>>12194465

bait of course but that is usually how the market works, even in 2008 it did that on some days during the drop off.

Check out the chart in pic related. This is the weekly chart of the deepest dip in 2008 massacre. It has three volatility events involving ~20% swings.

>week of October 3 to October 13; low $839 to high of $1044
>week of October 27 to November 3; low $845 to high of $1007
>weeks of November 17 to January 5, 09; low $741 to high of $943

The point I'm trying to make here is that this doesn't go straight down even if the trend is extremely bearish (which it is). These moves are entirely feasible to swing trade. They also provide opportunities for longs to get out at substantially less loss than they took on the lowest days if they choose to do so.