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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (8284)2/11/1999 9:21:00 AM
From: Lane Hall-Witt  Read Replies (1) of 43080
 
The Bull count is important, because, at least theoretically, one can't continue having an uptrend if everyone is a bull. If no one is bearish, who would sell?

Isn't the question: if no one is bearish, who would buy? The Bull Count is generally used as a contrarian indicator. The assumption is that Bulls are fully invested and talk the Bullish talk because they want people with cash to buy in. Conversely, Bears are assumed to be sitting on cash and are trying to scare shareholders into selling so they can get lower buy-in points.
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