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Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (9644)	11/14/1997 2:57:00 PM
From: Trader X	Read Replies (1) \| Respond to of 17305

sure, why not? I just think that, as long as the discussion is on whether this is a start of a bear market or not, then there has to be some mention of what a bear market is, technically speaking. This is more than of passing concern to most people on SI. TA is actually much more precise than you make it out to be. Breaks of support and trend lines are absolute, not subjective. It is a process that helps take the emotion out of trading stocks. You mention exit strategies...TA helps to give you pinpoint exits for stop losses, so you don't have to make that decision under duress. If one takes the stance that every decline of 10-15% is a bear market, you get whipsawed out too often to make any money at the game -- in stocks. I know it's different in options, but the vast majority of folks here are in stocks, not derivatives. The "big picture" post was not really directed toward you, Pat...but holders of stocks who are losing sleep at night wondering if this is the start of a bear market. I was offering a technical perspective on that question. And from a technical perspective, no -- we have not started a bear market -- yet. ©toocoolforschool