Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: Cyrus who wrote (166674)	1/21/2022 7:21:26 AM
From: GROUND ZERO™	Read Replies (1) of 220645

We'll see some rallies, but I think this market has seen a lot of structural damage, I doubt the selling is completely over quite yet... This is likely going to be a long and drawn out decline with some highly spirited rallies along the way which will fool a lot of eager buyers but will eventually fail and stop them out in disappointment and then move even lower... I'm not a bear in any way, but I do have to respect that chart patterns I see and they don't say anything friendly yet... I think rooting for a bear market decline isn't normal or natural although some actually get their kicks from it, I think most normal people think of markets moving higher, but then there's always that occasion when markets do have to reset... I suspect this is one of those unfriendly occasions... GZ

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