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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: The Ox who wrote (5645)	3/23/2020 6:20:12 PM
From: Rarebird	3 Recommendations Recommended By ItsAllCyclical Return to Sender Sun Tzu Read Replies (2) of 8255

The line in the Sand between whether this is a secular bear or corrective bear is SPX 2100-2200. A corrective bear would mean the secular bull is intact. A secular bear would have a lot more disastrous consequences, similar to 1929. A few closes below SPX 2100 and the market is headed much lower over time. I am concerned because I hear lots of talk about buying the dip and an explosive rally. Bottoms are not formed with such talk. However, even in a worst case 1929 scenario, there should be a retracement rally of 45%-50% before the bottom falls out again, but this time even worse. If SPX 2100 fails to hold, there is support at 1800 and 1400 SPX. I am quite concerned. A/D line is devastated and market has failed to rally for more than a day since the decline has begun. No one has considered the possibility that this bear, if it turns into a secular bear, can last a couple of years, with an intervening retracement rally.

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