"In very fast up markets, reactions will only run two days and not decline to the third day. This will happen many times before there is any indication of a change in trend. When a stock or average reacts only two days, it is in a very strong position. In an active fast declining market, rallies will be sharp and fast, only lasting two days."
This has been true for the V-shaped fast market since Feb. 9. Is this basic T/A or I found something? |