The market finally made up its mind and went down big. The market closed at critical juncture today. If S&P is not able to regain 900 quickly and Nasdaq breaches 1600 then the market visiting 2002 lows is more or less certain.
As I have said before until we see true capitulation, i.e. there are no suckers left in the market, the only game in town is to short every rally. It has worked so far and there is no need to fix something if it ain't broke. The bears who threw in the towel after last week's rally may be learning this simple lesson the hard way now. As for the suckers they never learn.
As I have said before until we see true capitulation, i.e. there are no suckers left in the market, the only game in town is to short every rally. It has worked so far and there is no need to fix something if it ain't broke. The bears who threw in the towel after last week's rally may be learning this simple lesson the hard way now. As for the suckers they never learn.
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