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Strategies & Market Trends : Complacency Indexes
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To: MechanicalMethod who wrote (1322)5/21/2002 7:06:42 PM
From: TechTrader42  Read Replies (2) of 1487
 
Not to put too fine a point on it, MM, but MACD has variable periods. But that aside, when I say "downtrend," I'm using the bears' word for "uptrend." As we all know, the market has been in an uptrend since -- well, since forever. But permabears perversely prefer to label the uptrend a "downtrend," and so I use the generally understood term for uptrend in bearish circles: downtrend. When I say the market is in a downtrend, I mean it's moving strongly up. We all know this is the case. There are a few permabears such as Monty who know it only subconsciously, and won't acknowledge the fact on SI, but it's a fact: the market is in a strong uptrend. This is the new primary bull market. Everyone should be fully invested to fully appreciate the extraordinary rewards of the new primary bull market.
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