we shouldn’t expect too much out of this decline. the psychology has something to do with everybody is expecting a good break here so if stocks recover speculators will be less likely to short sell
As I have said on friday-that bears and bulls….NOBODY can imagine a serious decline–even diehard bears dare not call more than a 3 to 5% decline followed by new highs…one day the mkt will just slow/fast crash & not recover quickly…so I see xxxxxxx and armstrongs call as typical in that they call for a decline that is not serious but they “promise” that there really will be a big one later—scouts honor!! and, they, of course will be on top of the situation and let us know ahead of time…like mighty mouse they will “come to save the day”
https://www.youtube.com/results?search_query=mighty+mouse+will+come+to+save+the+day