medium · Volume Spread Analysis background-trend-context

According to the principle of 'Strong Holders' versus 'Weak Holders', a bear market begins when:

  1. The herd panics and dumps its holdings on the bad news, producing a sudden burst of very high volume.
  2. Prices simply reach a level where the perceived value looks far too high to ordinary retail traders.
  3. Stock has been transferred from strong holders to weak holders, generally at a profit to the professionals
  4. Short sellers quietly enter the market on unusually low volume, which causes a slow, gradual, steady decline overall.

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