Best country to visit in july on As the early October sell-off ensued, many of these traders were wiped out. Panic selling was leading to a capitulation of dumb money 64 Trading on Momentum F I G U R E 4 – 4 selling to smart money. Prior to the event, institutional money was dumping shares ahead of October. The public money continued to buy shares as institutions were selling all that these newer traders wanted.
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Eventually, the top in the market was in place. Stocks started to fall, late-to-the-party buyers began selling in panic, and we hit a market bottom. This left the newer traders in disgust as they sold near the bottom; smart money could not count their profits fast enough because the strong market rebound was sharp and decisive.
Best country to visit in july 2016.