selling looks exhausted

I think these low volume sell offs are indicating seller exhaustion.

Sellers should be exhausted as we have been relentlessly selling off for nearly 12 months.

Including very significant 'forced' selling.

I would imagine that anyone who 'had' to sell would have sold by now and anyone who wanted to sell would have finally capitulated long ago.

We may stumble along the bottom for awhile longer but I can't see us dropping big from these levels.

The daily doses of doom and gloom should have made the weak hands sell out long ago and even the stronger hands would have been worn down by now.

I think we rally.

The surprises will be to the upside.

IMHO