Monday , 27 May 2024

Tag Archives: selling capitulation

Don’t Buy Yet – Wait Until a Renewed Uptrend is Confirmed!

[To say that the market has capitulated] implies that the market has bottomed and that now is a good time to buy stocks. In my opinion, that is completely wrong. The market is building momentum to the downside...[and] the odds are that the inevitable reactionary bounce is a short reprieve on the way further down. If the capitulation results in a new and meaningful uptrend (and that is a big “if”), we will see that in the charts. Words: 552

Read More »