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Who wants to catch the falling knife?

lieutenantdan - 2024-08-03 17:46:15

This is getting ugly


Anyone out there want to try and catch a falling knife?


It has worked for me in the past, but also lead to some bloody hands as well.


Who among you will try and catch it?


image.png


(Source: https://x.com/TrumpjrJohn/status/1819771505217282485/photo/1)


It is currently about as bloody as bloody gets.


My guess is we are near a short term bottom though.


I think we bounce for a few days then head lower some more.


This downtrend probably going to take several weeks to full play out, maybe even months.


October seems to be when most markets love to bottom out…