James "Rev Shark" DePorre
Recent Articles By The Author
Every significant bear market in the past has seen substantial bounces just like what we are experiencing now.
The biggest positive right now is that volatility has slowed and emotions seem to have cooled.
Rush to be bullish appears to be much more of an emotional reaction than one based on factual information.
Keeping emotions in check not only makes you less impulsive but also helps you consider the market more objectively.
The trend may not be very friendly right now but it is warning us that the chances of more downside are very high.
The bounce in the DJIA hasn't produced the shortest bear market in history or a new bull market.
This just a very large countertrend bounce. Look for a sizable pullback and then some very choppy and sloppy action.