zenalgorithm

Bear Bottom Yet to Be Seen - Barron's

If this market doesn't doesn't decline at least 20% more, I see a stagnate market developing for at least the next 5 years. Oil $ is too much of a burden. There's no reason to be holding long positions in this market until at least that 20% additional correction comes.

I expect a major decline coming within the next 8 weeks to a new lower trading range. Bear market charts make a major move lower to a new trading range about every 6-7 months. The volume will inevitably dry up late summer.