Closing Bell Overtime: Big Bear Makes a Big Aboutface 10/3/22
Closing Bell
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Traders, Are You Rating on the Parade of This Move?
We think it can continue because we were so oversold. Positioning was so very short. Sentiment so very bearish that we were primed for a bounce. If we go back up to that 200 day moving average still downward sloping, still a downtrend, that's another 14% from here. It's all very possible, given how short positioning was going into this.
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