Why is tech holding up in this market, if we are supposed to be at the precipice of a leg down?
Probably because we're not!
Despite these bearish headlines:
"Prolonged suckers' rallies tend to be especially vicious as they force everyone back into the market before cruelly dashing them on the rocks of despair yet again," he said. Genuine bottoms tend to be "quiet affairs", carved slowly in a fog of investor gloom.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5301123/bEnjoy-the-rally-while-it-lasts---but-expect-to-take-a-sucker-punchb.html
Fake bottoms and sucker rallies?
I guess he doesn't know better.
Real bottoms, are harder to recognize than fake tops!
any tech recommendations?
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