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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.92-0.7%Dec 31 4:00 PM EST

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To: yard_man who wrote (173995)5/14/2022 2:52:59 PM
From: Turtles_win  Read Replies (1) of 221054
 
I'll butt in like I always do, being me being rude basically. We're approaching a capitulation. We could
possibly move directly to that and end the whole bear market with one huge tank. I think the odds are more
in favor of a strong recovery rally first, which I think has already started the last several days. Apparently
what happened in 2000 was a strong rally, and then the real tank happened, something like 75% off the
recovery rally top. Techs, small dot coms. So if this occurs similarly now, we have a summer rally
of some size. When that stalls, the real bear market decline begins. Could be something semi-similar this
time around. I am going to assume a strong summer rally dead ahead and then I'll re-calculate what
I think is most likely. Of course it is every speculators wet dream to play the rally upside and then be able
to reposition on a dime and play the crash downside. I view this as a once-in-a-lifetime thing. If you can
actually play both legs close to optimum, you have achieved a miracle. Don't throw it all back at once.
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