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

To: yard_man who wrote (173995)	5/14/2022 9:58:15 AM
From: Clam digger	2 Recommendations Recommended By Drygulch Dan GROUND ZERO™ Read Replies (4) \| Respond to of 220992

Several reasons. Yes sentiment is one of them. Everyone is calling for more down and some are certain of it. Everyone is looking for "capitulation". There has been a lot of forced selling from Crypto crashing. Various indicators I follow are in areas that usually lead to some sort of bounce. Several targets for this downturn have been met. Certainly we are closer to a bottom than a top. Obviously none of this is certain but like I said a turn here is possible. As always dyodd and gl/gt to all!

To: yard_man who wrote (173995)	5/14/2022 2:52:59 PM
From: Turtles_win	Read Replies (1) \| Respond to of 220992

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.