A bottom isn't formed by bulls quitting.
That just establishes (or perpetuates) a downtrend
No. A bottom is formed when bulls refuse to quit!
There is no evidence of this happening. To the contrary - the long slow bleed has been going on for weeks!
Bulls are weakened, disorientated and utterly demoralised. There is no fight left in them.
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SGH bear is dead and burried, page-574
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