A 1% dead bounce so far this morning as the market tries to finish off the lows of the week.
It is the most oversold of the year right now. But Bounces have been few because the news is so bad and the Bears are in control and the momentum is down.
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Oversold in a bear market means crash where oversold in a bull market means highs. Correct?
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Any chance of bears covering a little with a long weekend? Could see a bounce mid afternoon is what I was hoping for.
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