An oversold market that doesn't rally has potential to pick up steam, today was likely 90% down volume day, 6th in the series, never before seen in a true BULL MKT. The Bulls that criticized me a month ago are very quiet. I have NOT called the end to this cyclical bull yet...even if it is beginning to feel like it....as I don't have all the TA in place to do that...but it sure is rolling over.
If the selling keeps up it may cause a 50/200 bear cross, and you don't see too many of during BULL MKTS.
The VIX (FEAR INDEX) is STILL BELOW 19 !!!! even after a month of selling, for any BULL this should be troubling, this is the fodder a BEAR can feed on, as FEAR helps to create a bottom, even if temporary.
D
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