Why has the market failed to bounce (or bounce much, anyway) ?
My guess is that everyone is calling for a bounce.
Technicians, value players, macro-economic observers, traders have by and large been looking for a bounce (present company included). Me, Jim Cramer, Cody, Bob Carver, Dick Arms, BCA, John Roque, and many many others all asked for a bounce.
Hence, we didn’t get it.
A few people deserve credit for not guessing the bottom: in particular, Alan Farley and James Rev Shark DePore.
BCA ran this chart:
A Technician friend sends this chart along:
Until we get more disbelief, there will likely be no bounce . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.