Funny how every other bust cycle has recovered or even rallied significantly off of its lows, but today's bust cycle is somehow different.

Market trends act like humans bandwagoning onto the next big thing--during its early phases people slowly begin to jump aboard. During the middle phases greater participation from the trading public is seen, and during the late phases mania ensues while the last of the holdouts and amateur speculators finally give in to cupidity and buy (or sell) aggressively. This overzealousness marks the end of the trend. It's at this point that the people who got in near the beginning sell to (or buy from) the public, who are more than happy to satisfy that need.

The fuel for these trends eventually dries up as multiple stabs to support or resistance points see less and less volume and participation. The market still seems bearish or bullish, but the seeds have already been sown for the next move through exhaustion of supply (or demand in an uptrend) and a large transfer of ownership from many to few, or from few to many.