Market Crash. Is It Over, Or Is It The “Revenant” – The Burning Platform
Bear markets have three stages – sharp down, reflexive rebound and a drawn-out fundamental downtrend
Bear markets often START with a sharp and swift decline.
After this decline, there is an oversold bounce that retraces a portion of that decline.
The longer-term decline then continues, at a slower and more grinding pace, as the fundamentals deteriorate.
Dow Theory also suggests that bear markets consist of three down legs with reflexive rebounds in between.