3) A Double Bottom is a really strong technical statement.
4) After the bears give their last best shot. Like that failed sell off below 4500.
The market can snap back in a jiffy.
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What did we learn on that drop to 4500 last week?
1) The market can surprise you and drop for no apparent reason even during Santa Rally Season.
2) A few drops in the Blue chips can be devastating for most other stocks and can wipe out day trading small stocks long.