Technical Rebound

There was noticeable relief for trend traders when the market rebounded in earnest
just as it was looking like another free fall day.The1600 key support level was never really threatened but the
early fall did caused panic selling among retailers and as envisaged yesterday the contrarian and astute
trader would have capitalised on such a phenomenon and made some quick and handsome gains along the
way...early volatility paved the way for cherry picking and as expected the O n G counters led the way...

Throughout the day bouts of selling (presumably from foreign funds spooked by impending elections ) were
interspersed with bargain hunting ..and the tug or war did result in a more "normalised" market compared to
yesterday...

No one can say for sure how the market will move from here in the short term.What is more important
is "how " one copes with so much uncertainty.Doing nothing is of course one possibility but is it the most
ideal ? There are so many trading or investment opportunities that have opened up in the last 2 days alone...
Stocks that you always wanted in your portfolio but was a tad too expensive may be within your budget now...Further you can also consider share swapping ie selling a slow moving stock (non performer ) with a hot favourite eg O n G counter. This makes perfect sense if the "new " prices are about the same.Whichever
way you decide as long as you have a clear objective in mind you are probably better off than doing nothing...