On the contrary I would buy Agressively !
Never Catch A Falling Knife
When a market’s price action falls straight down making lower lows continuously without stopping or bouncing back it is considered a ‘falling knife’ on a chart because of its speed and trajectory. It’s not a good idea to buy into a chart with plunging price action that can’t find support before there is a signal or a good reason to do so. Just because something is falling fast does not mean it can’t go lower or it is an opportunity to buy at lower prices. Low prices can go much lower before finding support with new buyers at key lower price levels. A price falling dramatically is not an opportunity a ... (full story)