WTF happened? EVERYTHING went down yesterday.
Quote:
Originally Posted by lewdog
Here's the long overview. Generally, the bottom of a bear market isn't found until capitulation happens. On a chart, this is vertical selling. See the previous examples of this. If capitulation happens we could see a bottom around 325-300. I also find it interesting that the recent peaks of each down wave follow a very consistent trend line.
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That isn't a trendline. I don't remember all the rules, but it takes more than 2 points to make one.