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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: techtrader73 who wrote (102576)	3/2/2018 5:29:43 AM
From: GROUND ZERO™	Respond to of 218313

These markets are getting seriously oversold right now, but it doesn't really matter since the force and the momentum downward is so great that it's going to take some time to come back, I just don't know how we'll see any sort of V type bottom here unless something is said to reverse this washout... A washout is a good word for this decline, I don't know if it will stop after only one bounce, these kinds of declines typically take a long time to work out... but whenever it does get done, we're likely going to see yet another buying opportunity that signals yet another major low... when is a question for the gurus... Also, very typically during these kinds of declines, we see highly spirited rallies that have all the markings of a significant bottom but only to fizzle out after many bottom pickers are pulled into its vortex... we have to watch out for those sucker rallies before the real thing actually emerges... GZ