Linda Raschke, the noted Veteran F&O trader & author, has advised that the market is likely to go down further and it is not yet time to buy the dip.
In a post on twitter, she said “Wow…I am shocked at the complacency I see on the part of many wealth managers, pros, and traders – too many looking for a buying opportunity. This steady drip drip down in prices is the most lethal type of trend – a slow OOZE….won’t say anything more!!!”
Wow…I am shocked at the complacency I see on the part of many wealth managers, pros, and traders – too many looking for a buying opportunity. This steady drip drip down in prices is the most lethal type of trend – a slow OOZE….won't say anything more!!!
— Linda Raschke (@LindaRaschke) March 13, 2025
She added that where a market has had more than 14 closes below a 5 SMA on the dailies, it generally makes lower lows.
“Go back and examine previous periods where a market has had more than 14 closes below a 5 SMA on the dailies. Less than 5% of the time has it has led to a bottom. There can be tradable reactions up, but then the market turns down to make a lower low.”
Go back and examine previous periods where a market has had more than 14 closes below a 5 SMA on the dailies. Less than 5% of the time has it has led to a bottom. There can be tradable reactions up, but then the market turns down to make a lower low. pic.twitter.com/cG12j06Mwm
— Linda Raschke (@LindaRaschke) March 13, 2025
Linda Raschke has authored several best-sellers such as Street Smarts: High Probability Short-Term Trading Strategies. This 245 page manual is considered by many to be one of the best books written on trading futures.
