The market always does the opposite of what the majority thinks...Been doing that since the beginning
The downside push was getting weaker and weaker. That was seen by the decreasing volume and all the positive divergences in the indicators. So buyers were just lying and waiting. Stalking. Once it hit the lows the buyers started scooping up the bottom. If only I had put in a buy limit order for 830. I think this is a temporary bottom. We'll be back for the 2002 lows next year.
what do you think will happen at a bottom when sellers are eliminated./exhausted? A: a V shape bottom. That is what you got. R U long?