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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (163919)3/7/2008 1:01:49 AM
From: Patrick Slevin  Read Replies (1) of 209892
 
Yeah, I see that now. One thing about today was selling on low Volume, which is something of a positive I suppose. Also, Closing only a few points below isn't much of a support violation, although "more shall be revealed" in short order I guess.

However Galirayo & I aren't talking about a Cyclical Bear, which this could be. Secular Bears have Cyclical Bull & Cyclical Bear Markets within them. I had a big PDF file on it somewhere. Can't find it now.

You can have marginal new highs in a Secular Bear, as the Market can dive or just go sideways for years. The 1970s would be considered a Secular Bear.

The logic here is that a Secular Bear may have started in 2001 & the recent new High was just a marginal "sideways" moving market & now it could go back down to retest the 2002 lows. Because such Markets last for as much as 20 years, then from a broad perspective a move from the Highs to the Lows to the Highs and perhaps now starting back to the lows over a 7 year time frame is a sideways Market. Naturally looking from the long term perspective in the same fashion as we might look at a 10 or 20 year chart of an earlier period.

I'm not saying it is or it isn't such a market, just that the theory exists.

Perhaps you guys have already discussed this on the thread, I don't know. If so, sorry to re-hash it.
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