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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (29884)	8/10/1999 10:35:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

bearshark, >>At this point, I am not ready to conclude that the broad markets, including the INDU, are in bear markets. However, I consider the DOT, IIX, etc. to be in the second leg of their bear market now.<< Okay, then who will be the next leaders? This is not a B Kahuna (not yet) and may produce a long pause in the broad markets climb. How long before a sideways market can travel before it becomes a bear market? I consider the market activity between Jan-March '99 as the base for these broad Indexes. If this area is broken....it will signal a bear market. Otherwise it is a major correction within a bull climb. Do you agree with this broad chart scenario? Chip