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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: kckip who wrote (82057)12/21/2018 11:53:33 AM
From: Return to Sender2 Recommendations

Recommended By
Gottfried
kckip

  Read Replies (2) | Respond to of 95480
 
Good question. The number of 80 or 90% downside days in a bear market can be too numerous to count.

The fact that the number of new lows continues to expand is anything but positive.

What we should all be looking for in the data and charts that I share each night is signs of a bottom forming.

When this sell off ends we will see a 90% upside day, or a couple of 80% upside days in close succession, when the market does bottom.

In addition it is likely that the final selling before that happens will happen under lower volume with a lower high in the volatility index.

Another missing indicator that we are forming a bottom is that sentiment had become so bad that we actually see more bears than bulls in the Investors Intelligence Poll.

None of what I am saying means we could not rally on to new highs without at least some of these conditions being met but really the FED is not helping like it did in 2016.

Investor Intelligence Sentiment is not nearly as bearish now as it was then. Worse still is that in the last two true bear markets it took months, even yeas for the market to bottom.

RtS