I can't give it all away as paying subscribers would be cheated but read Carl Swenlin's latest piece on Decisionpoint.com (free article). The bottom line is that in bear markets things don't really bounce so much and that oversold can become more oversold.
Yeah, I've said all that, too. But he added that deeply oversold conditions in bear markets may lead to a crash, too. While he did not predict one nor would he take credit for calling it (his words) if one happened, you have to respect the bear.
I am not using the "C" word but I have already posted on the dreaded "C" wave.
We'll be doing some repositioning work this week in the newsletter.
Sleep well, kiddies!