RE: What the traders are seeing.16 Feb 2023 00:42
BUY & SELL volumes are mostly equal most days for BOO. It is often the same traders buying & selling as anyone else would find better stocks to lose money on (or make bigger money).
The open knowns are:
1. to predict the bottom, often a 2 to 5% swing
2. follow the swells, rockets & AT buying sprees
3. sell when your happy.
However you try to predict the SP there is no given that it will rise or fall at the time of your interest. More often it will do the complete opposite. Best to take a longer term view at least in weeks.
My crystal ball says BOO will be much higher by September. So much for the clairvoyant. A fortune-teller once said that if you hold on to your money & never spend it you will reach a great age & have no need for money.