Market just turned bearish

H

hajimow

Let me be the first person that claims the market's short term indicators turned bearish as of 3PM today and we will see a sustained downtrend in the next couple of days.
Many stocks that we follow failed to breakout or keep the gain today.
 
I think we could see a little dip over the course of a few days...but the buying will only come back stronger becuase people will claim that was the correction.

I just don't see the catalyst that will send these markets down hard yet. Maybe a few days, but the markets will tighten up and there will be fewer sellers than before.
 
Quote from SiSePuede!:

I think we could see a little dip over the course of a few days...but the buying will only come back stronger becuase people will claim that was the correction.

I just don't see the catalyst that will send these markets down hard yet. Maybe a few days, but the markets will tighten up and there will be fewer sellers than before.
More...


agree, any 1-2% dip will only make this market stronger. The stronger the dip the stronger the rally on the way back up.
 
Quote from SiSePuede!:

I think we could see a little dip over the course of a few days...but the buying will only come back stronger becuase people will claim that was the correction.

I just don't see the catalyst that will send these markets down hard yet. Maybe a few days, but the markets will tighten up and there will be fewer sellers than before.
More...
You menioned an important point. That is why many people who go long fail to get out when there is a market correction. All of us say that if another 1999 happens, we know what to do. That will happen and we will get burned again.
 
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