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Strategies & Market Trends : P&S and STO Death Blow's

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To: Alan Bell who wrote (30022)5/30/2003 10:55:53 AM
From: Lone Ranger  Read Replies (1) of 30712
 
AB,
This is what I was referring to on my last post to you. If the market finishes like it has started today, its further evidence of a bullish trend change which started early March. Give this market one down day, then watch out, hope for the bears to hold on, when the next day rallies and rebounds to higher highs. In this market what once worked in a bear trend won't work in a bull trend. Even my sources were indicating a possible correction but once again in a bull trend most news ends up bullish and bearish news is discounted. Amazing how many people have been caught TOTALLY surprised by the strength of this cyclical bull, including myself<gg>. What a market!! Of course all the fore going is dependent upon a close somewhere near the high<gg>.
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