EMC 0.00% 8.0¢ everest metals corporation ltd

Here is the <B>real</B> danger..

  1. 10,605 Posts.
    lightbulb Created with Sketch. 26
    ...no capitulation.

    Just a never ending series of 2, 3 and 4% losses that never trigger a major rally.

    Physcologically, the market impact of this is interesting.

    Rather than one large plunge which would create the impression of potential widespread and large scale oversold situations it leaves investors with an impression of calculated selloff...ie that the market still sees no value and continues to sell down.

    Therefore, instead of flushing out all the puntrs at once, they sell off in dribs and drabs and the market loses enormous amounts of value with no likelihood of any immediate recovery OR reason for recovery.

    Hence good days atm being 1 or 2% rises followed by more slides.

    Fridays 4.6% loss on the US markets should have triggered a major sell off and so this confirms my views.

    Any thoughts ?
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