Tom is saying that the correction is not over and I tend to agree…
This is bad… we need to talk ASAP
https://www.youtube.com/watch?v=87qLN7ez2FI
The Captain
Tom is saying that the correction is not over and I tend to agree…
This is bad… we need to talk ASAP
https://www.youtube.com/watch?v=87qLN7ez2FI
The Captain
There seems to be a pause today, but I agree with you, the correction is not over.
There seems to be a pause today, but I agree with you, the correction is not over.
Short term reversals are called “bear traps.”
What Is a Bear Trap?
A bear trap is a technical pattern that occurs when the price action of a stock, index, or another financial instrument incorrectly signals a reversal from a downward trend to an upward trend. A technical analyst might say that institutional traders try to create bear traps as a way of tempting retail investors to take long positions. If the institutional trader is successful, and the price moves higher briefly, it gives the institutional traders the ability to unload larger positions of stock that would otherwise push prices much lower.
https://www.investopedia.com/terms/b/beartrap.asp
The Captain