Back in '87, yes some of us are old enough to remember that market, it was extremely oversold in the days prior to the crash, when using any measurement or indicator.
With panic markets you can throw all the indicators out the window has been my experience.
The market panic is based on the coronavirus panic. Is there any sign of the coronavirus panic abating?? Therein lies the answer in what the market will do IMHO.
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Back in '87, yes some of us are old enough to remember that...
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