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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.89+0.3%Oct 31 4:00 PM EDT
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To: Lazarus who wrote (77906)1/8/2016 11:39:24 AM
From: GROUND ZERO™1 Recommendation

Recommended By
John

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Still a very excellent try, this market is extremely oversold... but, in a bear move, the market can remain very oversold and still go much lower at the same time... the oversold thing is only good for buying dips in a bull market, it's not a reliable indicator during bear moves... this is how people get suckered into buying, they only get stopped out as the market continues going down... I'm thinking this is how the bear market probably got its name, because it claws bottom pickers to death slowly but surely...

GZ
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