Posted by chartboy on 28th of Feb 2021 at 02:17 pm
Every one of the signals in that chart occurred in a raging bull
market. Be careful not to extrapolate bull market activity
into perpetuity. By definition, in meaningful corrections oversold
markets get more oversold and stay more oversold while prices are
declining when compared to the preceding bull phase.
Posted by brophy on 28th of Feb 2021 at 01:22 pm
Every one of the signals
Posted by chartboy on 28th of Feb 2021 at 02:17 pm
Every one of the signals in that chart occurred in a raging bull market. Be careful not to extrapolate bull market activity into perpetuity. By definition, in meaningful corrections oversold markets get more oversold and stay more oversold while prices are declining when compared to the preceding bull phase.
True. Virtually all crashes happened
Posted by kevindeng0727 on 28th of Feb 2021 at 04:45 pm
True. Virtually all crashes happened from oversold conditions, not from new highs.