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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (16863)	5/31/2001 4:20:14 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Larry, I call it a bull trap, because it is a short term affair interrupting the main event which is still a bear market. This is a p[ainted pattern to make everyone believe that the bear is over, and frankly, it is the third time in the lst 12 months they have painted that picture, first from the lows of May last year till the end of August, then in January this year and now since April 4th (or March 22nd when the Generals bottomed). I think that if you wait until a new low is made to declare it a bear, you will be losing great opportunities of capital preservation. Another definition is by your sell ratio, if most what you sold today closed under your sell price, it is a bear. Well, only SCMR actually closed above my sell price everything else is below my sell price, heck, some are below what I bought them earlier today. Zeev