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Bear market


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#11 OEXCHAOS

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    Mark S. Young

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Posted 26 March 2020 - 03:50 PM

By my objective measures, we are in a Bear Market.  That's just a condition, though, as far as I'm concerned.

 

Now, if we are really still in it and haven't turned the corner, we can expect the market to tank once we get one or more solid, well-followed IT Buy signals.

If it doesn't, look out above.

 

Mark


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#12 Dex

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Posted 26 March 2020 - 04:53 PM

Worth watching ... various chart readers.

All saying there will be a retest of the low after this advance and possibly lower. 

 

https://www.youtube....h?v=ftF109slPlY


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#13 K Wave

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Posted 26 March 2020 - 05:09 PM

Worth watching ... various chart readers.

All saying there will be a retest of the low after this advance and possibly lower. 

 

https://www.youtube....h?v=ftF109slPlY

I was in that camp until today.

 

Now, not so sure...

 

I am now thinking that SOX may slowly worm its way through the key 1600-1620 level, and then just keep on trucking upside without a retest of the lows.

There will be some chop for sure, but SOX now looking like it may make "Y" type bottom.

 

SOX now up nearly 28% off the low BTW....back in bull market by the 20% rule.

We'll see I guess if it turns out to be the shortest bull market on record or not. laugh.png


Edited by K Wave, 26 March 2020 - 05:13 PM.


#14 CLK

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Posted 26 March 2020 - 05:43 PM

I wouldn't want to be waiting on a retest and miss the whole rally, a retest is just a

delay in the rally.