My thesis idea is quite simple here
and goes to the core of human emotion.
Without PANIC in the market,
there will never be a genuine BOTTOM in place.
The market has gone thru a decade of stock appreciation,
that ended this fall with the FANG Bubble of overvaluation
.
Important point.
When prices exceed expected normal valuations,
and keep rising that sets off the Parabolic structure on the chart.
Its all good, until it isn't, and the break comes.
We are now rolling down the cliff of past overvaluation.
The market will decide when enough discounting of the future is enough.
In the meantime, it is my belief that a MAJOR PRICE BOTTOM
in the market will remain ELUSIVE until such time that a
PANIC Bottom, even a crash of some recognizable sort occurs,
even if..it is just intra-day, to CLEANSE
the market of all the built up embedded excesses.
Once market participants,
KNOW a PRICE BOTTOM is in...
THEN and only THEN,..
CAN a Meaningful Retracement Advance Begin.
THE_UNWIND
12/16/18
NEW YORK
and goes to the core of human emotion.
Without PANIC in the market,
there will never be a genuine BOTTOM in place.
The market has gone thru a decade of stock appreciation,
that ended this fall with the FANG Bubble of overvaluation
.
Important point.
When prices exceed expected normal valuations,
and keep rising that sets off the Parabolic structure on the chart.
Its all good, until it isn't, and the break comes.
We are now rolling down the cliff of past overvaluation.
The market will decide when enough discounting of the future is enough.
In the meantime, it is my belief that a MAJOR PRICE BOTTOM
in the market will remain ELUSIVE until such time that a
PANIC Bottom, even a crash of some recognizable sort occurs,
even if..it is just intra-day, to CLEANSE
the market of all the built up embedded excesses.
Once market participants,
KNOW a PRICE BOTTOM is in...
THEN and only THEN,..
CAN a Meaningful Retracement Advance Begin.
THE_UNWIND
12/16/18
NEW YORK