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“The time to buy is when there’s blood in the streets”

Goola Warden
Goola Warden2/25/2022 08:28 PM GMT+08  • 2 min read
“The time to buy is when there’s blood in the streets”
The STI's support levels have held this week, but momentum has turned down
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Easier said than done. It’s a brave trader who would follow the Rothschilds. Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.

After denying that Russia was going to attack Ukraine right up to Feb 22, Russia attacked Ukraine. Indicators had pointed to a consolidation, or a retreat of sorts.

As it is, the Straits Times Index fell rapidly to 3,251, an intra-day low on Feb 24, closing at 3,276, a tad above the50-day moving average which is currently at 3,261.

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