We know that markets are currently in the oversold region & a rebound might be coming soon.
I believe everyone still remember clearly that earlier this year we have a super duper strong bull rally, and it was in the overbought region for almost a month or so.
So, even though we are in oversold region, it doesn't mean it can't stay oversold and doesn't mean markets can't fall further.
My advise is to not bottom pick any counters, especially those very weak ones - commodities & shipping.
Watch for banks & marines.
However, on a longer time frame I'm seeing banks and marines to fall as well.
So if the rebound is weak, I'm going to short it further.
I remain a small bull & big bear.
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