Jump to content



Photo

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


  • Please log in to reply
22 replies to this topic

#1 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

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

jacek

    Member

  • Traders-Talk User
  • 233 posts

Posted 17 June 2022 - 12:31 PM

shhhhhhhhh..... sweatingbullets.gif



#3 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 21,998 posts

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.

M


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#4 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

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

gm_general

    Member

  • TT Member+
  • 1,653 posts

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

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,626 posts

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.


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#7 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,943 posts

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

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 9,521 posts

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. 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#9 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,943 posts

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

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 9,521 posts

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.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule