Yesterday, demand seemed weak and I mentioned it, also with stepping out of this market for the moment. I wake up and, voila, my hunch proved a good one. I still see some weakness in the prices. I mention it again on the board.
But talking about weakness gets on people's nerves. I get it. Talking about price going down is trolling, no matter what.
PS. I will get in at an appropriate moment too (whatever the price may be then).
Of course buying is weak. Its the weekend. New money hits the exchanges on Monday morning. Everybody knows this. And most everyone expected the market to go down or sideways today, which it did. This was your "hunch?" This was 90% of people's hunches.
But tomorrow people will be anticipating the influx of new money coming Monday and Tuesday (well not you, you aren't anticipating it I guess) so there is better chance we go up tomorrow or at least sideways. And then Monday comes and the market goes up and everyone who is sitting on the sidelines (like you) are going to be chasing the market. And then more money comes in on Tuesday and Wednesday and Thursday (but less that day) and Friday. And guess what? We are going to be a bit higher than we are today.
Let's see what your "hunch" says in 48 hours.