if we leave all else aside, we can't get away from the fact that our market historically declines from mid-may to end june. call it tax loss selling or what you will but we are about to enter that period and there are a lot of people sitting on fairly large losses..
another factor is pure DOW theory.. all rises are subject to a fall of at least 3/8ths of the rise and vice versa. then there is also the fact that most rallies retrace by 50% or so, gaps are usually filled and stocks almo0st always revisit their lows before a true recovery can get underway..
should be lots of buying opportunities in the coming 6-8 weeks and those selling now know this..
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