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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (15333)8/16/2002 12:25:33 PM
From: Petrol  Respond to of 17639
 
I tend to agree with you, but the market typically does appear most bullish in a bear market right about now.

I'm preparing for next week's selling by adding some shorts here. If it doesn't, I'll be nimble and get out.



To: Oral Roberts who wrote (15333)8/16/2002 12:28:07 PM
From: Oral Roberts  Read Replies (2) | Respond to of 17639
 
Looking at the SPX monthly chart since the start of the bear the upper down trend line right now is at 1086. We appear on the weekly to be making a bear flag which would lead to a continuation of the bear.

I guess what I am saying is we could go all the way to 1086 in the coming weeks and have a very strong playable rally without effecting the overall down in the market.


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