Click To Enlarge Chart
.
11:27 Bird was commenting that a 100 point or more down day will set up the push toward that round number I mentioned yesterday because many of the people waiting for a setback will seize the moment. But not all will. Some will breathe a sigh of relief thinking it lets them off the hook, that they don't have put themselves on the line and risk top ticking the move. They'll rationalize that the sell-off is just the first leg of the new move down, and they may be right -- anything is possible -- but based on recent action, the higher probability is that they'll be wrong
The preceding article is from one of our external contributors.
It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
