What makes you think it's a bear market? LOL! By mechanical
definitions-- the price is above MA(50) on the monthly chart is one
of them, price is above MA(200) on the dailies for over 8 months is
another -- it _is_ a young bull market. That it may be over next
month after a deep slide, is another story; and unless you are
privy to the PPT plans, that projection is a guess like anybody
else's.
I am being cynical here to illustrate the point.
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Title: to Palladin What makes you
pullback
Posted by junkie on 8th of Apr 2010 at 12:10 pm
What makes you think it's a bear market? LOL! By mechanical definitions-- the price is above MA(50) on the monthly chart is one of them, price is above MA(200) on the dailies for over 8 months is another -- it _is_ a young bull market. That it may be over next month after a deep slide, is another story; and unless you are privy to the PPT plans, that projection is a guess like anybody else's.
I am being cynical here to illustrate the point.