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Continuous Crumble

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

This bear market is, as all bear markets do, moving in stages. The tech stocks and SPAC stocks were the first to start cracking last year, and the damage will continue to spread. Even now, in the second inning of this bear market, I am amazed how many lifetime lows and 90%+ wipeouts have already taken place. Incidentally, every other tweet I am reading talks about how they’ve covered all their shorts because a squeeze is coming Real Soon Now. OK, fellas. You do that. I’m not budging.

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