Big Days Parsed. These big up days occurring during longer term market declines, i.e. bear markets, can start off fast or slow, on good news or bad, but then they gain ground as they day goes on. The situation is they come after substantial legs down in stock market prices and after traders have piled...
I’ve been talking about two possible stock market paths. Either a stock market stuck in a wide, 10% trading range (wide trading ranges are more indicative of a forming top than a consolidation on the way up). Or a break below the August lows and thus a resumption of the market decline which really began...