Dax - the Corrective Big Picture
All markets experienced Bedlam. Yesterday. It happens and provides opportunity.
Surely the market can't go lower ?
In the last 5 years there have been Corrective retracements in the current Bull Cycle, two of
which were Bear Markets.
Given the current downturn is only 10.5% , there is room for further downside.
On a daily basis, yesterday was the highest volume in 2 years. But on a monthly basis, we
can see the Volume is anemic. Buyers remain on the sidelines for now.
Surely the market can't go lower ?
In the last 5 years there have been Corrective retracements in the current Bull Cycle, two of
which were Bear Markets.
Given the current downturn is only 10.5% , there is room for further downside.
On a daily basis, yesterday was the highest volume in 2 years. But on a monthly basis, we
can see the Volume is anemic. Buyers remain on the sidelines for now.
Feragatname
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