Danger! Disabled mind's thoughts!
Thoughts, why I can't see a bounce reasonable:
Thoughts, why I can't see a bounce reasonable:
- lot of us waiting for some bounce (but the real question is 'when?' in my opinion, and not 'will there be?')
- more longs, than shorts (in an oversold market why should it be less while we're going deeper and deeper?)
- bulls are born to die since 5 months
why I can see a bounce:
- this down has been quite streched, without respecting some serious levels (especially some important pivot points - which some bears most important support/resistance tool - but right now it's normal, because the pivots are with the bears)
- the habituation of traders to this "we are always playing dirty, so watch out" can mislead retail traders...I think it would be much more shocking if we would bounce before everybody would be satisfied...all they (CB's) need is a "Breaking News" or an "oh my god datas"....
- Technical pattern cluster mostly finished before 1.31000
- Most people like to keep things simple and use round numbers, big mistake imo
- Bears are too confident, no respect, no fear, etc...
I can find more reason for a bounce, but maybe I can't see the wood for the trees.
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f(z)=z2+c