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kullervo88

Massive dead cat bounce?

S&P 500 Index (TVC:SPX)  
kullervo88 Updated   
TVC:SPX   S&P 500 Index
Fundamental Analysis deadcatbounce dead-cat-bounce
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fundamental deadcatbounce dead-cat-bounce
Is stock market actually in massive dead cats bounce? I compared current situation to 1930's crash, and mapped the possible bottom. If we are in dead cat bounce, then the real bottom is way below current price.
Comment:
Switch to monthly timeframe, and zoom out. When I see whole S&P chart, this scenario looks actually realistic, even though it sounds funny.
Comment:
I actually don't believe in this scenario, the market is too strong for this to happen. Everything is possible though, let's see what happens.
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