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Strategies & Market Trends : Longer-Term Market Trends

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From: John Madarasz10/8/2008 12:31:20 PM
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Time to re-visit the long term Bullish % index Daily charts...

stockcharts.com

Many broad mkt measures now at all time lows!!. This is a remarkable place right now, with many important cyclical convergences, and volatility indicators, pointing to the very real potential for a violent snapback rally.

As hard as it seems, imo a trader has to step in here and make at least a conservative long play if they are truly an objective analyst trading strictly off charts.

I think most people right now are watching with mouths agape, rather than thinking how they might capitalize from this situation. A few interesting articles below regarding some of the historic chart measures happening right now

quantifiableedges.blogspot.com
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