- Last week I wrote an article for Margin of Safety Investing subscribers explaining the bear market and why there would be a few rebound rallies.
- With the monthly RSI touching oversold and liquidity not actually much tighter yet, one of those rebound rallies could occur through late in the month.
- For those of you looking to trade these rallies, you can do that.
- For those of you looking for a rally to sell into, you should do that.
- The bear market has at least one more leg lower to go, but if oil remains expensive, expect 2 legs lower and possibly 3 legs lower.
For further details see:
Here's Why I Was A Buyer Yesterday