Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: illyia who wrote (165)	4/9/2008 7:39:38 PM
From: skinowski	Read Replies (3) of 3209

Interesting comment from Swenlin. Good to remember when trying any countertrend trade: <<< Bottom Line: The earnings picture is abysmal, and there is a solid long-term sell signal in progress. Playing the long side looks promising, but keep a tight reign on long positions because we are in a bear market until proven otherwise. Remember: "Bear market rules apply! The odds are that support levels will be violated, and, if against those odds the market manages to rally off support, odds are that the rally will fail before it can change the long-term trend." >>>>

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