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BEAR MARKET starts to end TODAY??? Appears to be so.. but it is still along haul


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#1 dTraderB

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Posted 17 June 2022 - 12:23 PM

Of course, I could be DEAD WRONG. 

 

A lower 2022 LOW still possible...  but in terms of sentiment --- peak yield -- THIS IS IT!

 

BEAR MARKET starts to end TODAY???

Appears to be so.. but it is still along haul ... and being a permaBULL will not be good for your account, well-being, and sleep.



#2 jacek

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Posted 17 June 2022 - 12:31 PM

shhhhhhhhh..... sweatingbullets.gif



#3 OEXCHAOS

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Posted 17 June 2022 - 12:45 PM

My read is that we are in a solid, secular Bear. It has years to run.

 

That said, we have some seriously excessive readings and seem to be pretty clogged with shorts. I'm fairly confident that we are about to get a very nice bear market rally. Of course, these things are notoriously tricksy and false.

 

It's also at least possible and within reason to get a cyclical Bull in here, too. It just seems a bit less likely, at least for now.

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#4 12SPX

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Posted 17 June 2022 - 01:32 PM

Yup totally agree, this downtrend is of equal value of 2000 and 2008 but overdue for a bounce for sure!!!  



#5 gm_general

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Posted 17 June 2022 - 01:56 PM

Stupid question - was it a bear market in 2020 when we dropped 35% vs now dropping 24%?



#6 Chilidawgz

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Posted 17 June 2022 - 02:07 PM

Stupid question - was it a bear market in 2020 when we dropped 35% vs now dropping 24%?

No, that was not a bear market. Was a correction halted by massive money printing.


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#7 redfoliage2

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Posted 17 June 2022 - 03:05 PM

After all the recent violent moves in stock prices caused by the notorious quadruple witching game now NYMO showing a Positive Divergence -  A reliable ST trend reversal signal ................. .........


Edited by redfoliage2, 17 June 2022 - 03:12 PM.


#8 pdx5

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Posted 17 June 2022 - 03:19 PM

 

Stupid question - was it a bear market in 2020 when we dropped 35% vs now dropping 24%?

No, that was not a bear market. Was a correction halted by massive money printing.

 

2020 drop of 35% was the shortest bear market in 100 years. Technically 20% drop qualifies as bear market. 


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#9 redfoliage2

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Posted 17 June 2022 - 03:20 PM

You may have to view NYMO chart later today, it's a EOD data in stockcharts.com.



#10 pdx5

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Posted 17 June 2022 - 03:25 PM

IMHO this current bear market may not end until CPI gets below about 5%.

Of course bear markets will have some exotic rallies along the way.


Edited by pdx5, 17 June 2022 - 03:27 PM.

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