Even if the pullback entry is good, a vast majority of breakouts and pullbacks fail
when overall market conditions are weak and stocks are under distribution.
Not exact matches
Credit crises lead to big
overall declines in
market values, particularly with financial stocks, but affecting all other stocks, because
when credit
conditions are tight, things slow for all firms.
On the plus side,
overall market conditions look much healthier and sustainable now than during the late 1980s housing boom
when prices consistently posted advances well in excess of cost pressures or supply fundamentals, suggesting greater speculative activity, says the report.