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


To: JMTrader who wrote (174525)5/21/2022 8:34:20 PM
From: GROUND ZERO™2 Recommendations

Recommended By
JMTrader
Mevis

  Read Replies (2) | Respond to of 218663
 
You may be very right...

There's that issue that oversold indicators are just not as reliable or as valid in major down trending markets...

We've seen this phenomenon occur over the past 6 months...

Indicators could be oversold for a very long time while the down trend still continues...

So, we'll have to see if Monday's possibly rally is the start of something more or just another bear type bounce...

Just on the patterns alone, I suspect it's just another bear bounce...

But, we'll see...

GZ