Dozu888 your assumptions are faulty thus your conclusions are wrong, IMO. While you are guessing that the bull will continue after this corona virus thing passes and your guess has a higher probabilty of being correct as opposed to being wrong, the mechanics of why this will probably be so is not why you say, IMO.
You claim there are no bulls and bears. Just your boys manipulating the market to rip off the retail trader. Taking it down to scoop up the change of the retail traders. This is wrong. Us retail traders make up about 5% to 10% of the market.The institutions..banks..HTF’s...etc make up the rest. They are not interested in our coins. GS is interested in taking millions from other firms. Other firms are trying to get GS’s $$. HTF’s are interested in taking money from each other with so many different strategies and tactics. The bullish institutions want BO’s to the upside. The bearish to the downside. One side will win for awhile then the other. Just look at today’s PA in say the ES on a 5 min chart. Bears institutions tried to push price down early in the RTH’s right after the open (red dot is RTH’s opening bar). They succeeded for a bit. Then bulls pushed back hard. Then the bears and bulls pushed back and forth in a sideways range (yellow). They were about equal in applying pressure in this sideways action. Bulls want an upside BO and a continuation of the trend. Bears want a downside BO of the range. In overnight session, after close of RTH’s, we see the bears win and price goes south out the bottom of the range.
This PA is not them boy’s trying to get the retail trader to capitulate. It is bullish and bearish institutions trying to get EACH OTHER to capitulate. The corona virus provides the scenario for this to take place in spectacular Rallies and Declines that otherwise would have still taken place but on a smaller scale, with less volatility. However, overall the bears are winning hence the Dow down by thousands. Us retail traders are peanut and potato chip money to these institutions. They are after each other and the chart shows who is winning. They cannot hide it.
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of course there are bulls and bears, but opposing forces like that can't possibly cause PA like this!
imagine in a war, can you imagine a battle ground where 1 side push the other all the way to the side of the cliff only to see them push all the way back? then repeat again? if there are opposing forces then the winning side will continuously crush the weaker side, only to be temporarily stopped by the valuation shift, in other words say in a bear market it should be relentless selling only to find a pause when stocks look 'cheap'.
sure instiutions are big, but where do they get the money from? moms and pops! unless funds are close ended, the moms pops are the ones increase/decrease subscriptions which cause the managers have to take action... if retail investors are peanuts and chips then funds in/out flow won't be such a key issue... but it is one of the key issue in driving the market...
there are of course other forces such as central banks sovereign funds pension funds.... but I am trying to boil the whole structure to a view angle that can logically explain all the actions in the price and in the media campaign, and hence the 'pro boys' theory is the best hypothesis.
look, there are so many theories out there, it's like quantum physics nobody really understands it so you have to set up hypothesis and the peripheral evidence either supports or defeats it... and so far my theory has been work and not defeated and therefore I use it and present it..
and the current period of course will be a big test to the theory because low trading volumes, price actions, media campaign to create such panic on a nothing burger virus, everything is supporting my theory, the only thing that has happened yet is a swift recovery to new highs.
I am not saying your view is wrong.... there are so many ways to make money, if your bull/bear view suits you and make you dough, all is good....
I am saying my theory is very easy to understand as laid out in my thread and all is logic, so far I have found zero flaw as it explains everything since the 2008 crash.