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Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold

Better System Trader

CHAPTER

Are We Missing Capitulation?

People are complacent. I just think that good times will continue. And if one's everyone's chasing yield, so they're prepared to hold these crap junk bonds and only be paid 2% or 200% over treasuries for the benefit of holding it. These usually dictate reversals to the downside and share markets. So is it safe to get back into the market? Is the worst behind us?

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