Thursday, November 20, 2008 4:48:09 PM
So where is this market now??
Very simply put, we're in the discouragement phase, which occurs after capitulation.
Last week the market experienced capitulation marked by mass panic selling.
Check out the following image illustrating the investor sentiment cycle:
Now that you've seen the illustration, look at a daily chart of the S&P 500. See any similarities??
Very simply put, we're in the discouragement phase, which occurs after capitulation.
Last week the market experienced capitulation marked by mass panic selling.
Check out the following image illustrating the investor sentiment cycle:
Now that you've seen the illustration, look at a daily chart of the S&P 500. See any similarities??
Check out the board:
http://investorshub.advfn.com/boards/board.aspx?board_id=12773
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