I’ve seen in mentioned that Q1 2022 was the same as Q1 2020 – – that is, a hard, fast selloff followed by a V-shaped recovery. Well, yes, I can certainly see the similarities. But I do want to point out one key difference by way of layered charts:

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I’ve seen in mentioned that Q1 2022 was the same as Q1 2020 – – that is, a hard, fast selloff followed by a V-shaped recovery. Well, yes, I can certainly see the similarities. But I do want to point out one key difference by way of layered charts:

Well, I wasn’t planning to write a post, but I was studying tonight and thought this was good enough for at least a quick post to take some of the posting weight off ‘ole Tim’s shoulders.
I specifically went looking for any portion of the 2000 or 2008 bear markets that formed a daily falling wedge and I found one indeed at the beginning of the 2000 bear market.
I was looking for a case where the weekly band was being repeatedly hit and overthrown (as is typical in an actual bear market rather than a corrective period) with competing trend lines narrowing into a falling wedge over months of trade.
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