Replies to post #45403 on The TradingEdge

[JefftDecker]

SPx daily

[JefftDecker]

SPx daily

[JefftDecker]

looking for opportunities

lots of stocks oversold

Truth is, there is no single reason that could justify the dramatic market falls. Some of the reasons cited are insufficient while others are invalid. But no explanation is necessary. Market sentiment has simply shifted. The scale has tipped and more investors are taking profits than new money coming into the market. When that happens, prices fall. And falling prices become a self-fulfilling prophecy, scaring off new investors and panicking investors with a short-term outlook.

How long this will go on for, I cannot tell. But I am sure there are growing numbers of long-term investors picking through the debris looking for opportunities. And the greater the fall, the greater the opportunity.

(incrediblecharts)

NFLX fits the scene.