I have dervived possibly the fastest converging 4 term BBP pi formula. When I say the selloff from 14,000 to 9,000 is merely a shakeout it is. Period.
sure looks like the market is getting tired of the bear....however, not sure, at this point whether we have convincing follow thru. what i see instead is a helva lota volatility i would expect the bull camp to come in with a huge stomping rally....which surprises on the upside imho, this is not the pattern. i was expecting a rally in the second half.
now we're green market has discounted everything short of armageddon we could end up another 500 points the fed's actions are working need more bailouts, more stimulus,
Again, you don't understand ANY technicals. This is a TECHNICAL move up. We should see more up days only to set up for another move down.
That should tell you something. We've only had very mild recessions since the 90s. If you can't compare this to the 70s and early 80s, there's no meaningful benchmark.