Recent Market Weakness: The Technical Damage [View article]
everyone expects a bounce today.. and it seems to be the logical thing. but lets not forget how extended this rally has been, forcing many bears to stop out positions. now everyone expects a bounce, the longs will sell into it, so will the bears who are now bears without shorts..
my fear is that this moves accelerates in the next 2-3 days and then reverses in the middle of next week temporarily. (from here till sometime in Q2, there will be a bear market - imho)
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everyone expects a bounce today.. and it seems to be the logical thing. but lets not forget how extended this rally has been, forcing many bears to stop out positions. now everyone expects a bounce, the longs will sell into it, so will the bears who are now bears without shorts..
Oct 29 07:07 am
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All Comments by jeremiah74 »Recent Market Weakness: The Technical Damage [View article]
my fear is that this moves accelerates in the next 2-3 days and then reverses in the middle of next week temporarily. (from here till sometime in Q2, there will be a bear market - imho)