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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (69341)3/22/2003 5:34:36 AM
From: AllansAlias  Read Replies (3) of 209892
 
New bull? Geeze Bob, I hope we see lots of that talk. About 3 weeks ago, nobody thought the market could put together any sort of run to the upside. About Wednesday this week, we saw the death of many bearish scenarios in the wider timeframes. By next month, I am hoping we see lots of talk about a new bull. This should be our signal to be looking the other way.

The Dow out of the Oct lows rose 12.82% without any pullback. So far, this move has risen 12.98% without any pullback. Same ballpark, but since the action is taking place later in time, it is "further to the right" on the charts, therefore, it is doing more serious technical damage.
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