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1) It's very difficult to predict when these fake rallies will happen. 2) If you chase them late you run the risk of getting caught in the drop after. 3) One is taking a big risk of getting caught and staying long into a crash.
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As volatility increases in October. There's going to be a lot more volatility. Including intraday rallies like the one the s&p had yesterday. A quick 1% off the bottom and then it sold off.
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