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.
SGH bear is dead and burried, page-574
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