MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (14719)	10/7/2002 4:25:19 PM
From: lurqer	of 19219

. October: The Month Where Bears Markets Go to Die . 'Spect we're in a secular bear market that won't end this decade. However that’s different than the decline off the peak. One could argue that the secular bear off the '29 high didn't end until '48, but the decline off the peak ended in '32. Between '32 and '48, there were mini cyclical bull and bear choppy market phases. Properly "playing" these cycles could be quite profitable. LTB&H doesn't work. At best some kind of ITB can work, but that requires a different mind set. So a more interesting discussion is when will the decline off the highs of '00 end? Many will mark the end at the low price point from which prices remain above for at least 18 months. Others will mark the end of the decline at the first real test of those lows. Simply a matter of definition. I currently believe a low, lower than this falls low, is coming 1H of a next year and then a higher low in the fall of next year. Thus my response to October: The Month Where Bears Markets Go to Die is not this year. Maybe next. In the meantime, some good trades should present themselves.<g> JMO lurqer

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