Posted by DigiNomad on 27th of Apr 2023 at 02:12 pm
I'm trying to keep in mind that bear markets are often
characterized by downtrending prices interspersed with sharp
corrections to the upside...the opposite of the bull market
tendencies. Larry Williams and others argue we're in a bull
market now that started in October, but I'm not on board with that
theory yet.
An interesting piece of insight was offered to me on this
perspective of how to pick a top . The market this year was likened
to that of 1987, which was refusing to fall all year, and when it
did fall, it collapsed without much warning. The thing to watch
after a drop is an initial reaction or rebound. Today a rebound is
strong. When a rebound is weak and a path of least resistance is to
the downside, then watch out below!
just because you think we might still be a longer term bear why
let that stop you from taking longs that meet your trigger
conditions and strategies.
bear markets can go in phases and have uptrends lasting many
months 6 months, 8 months or a cyclical bull inside a bear. Plus
some of the target levels we've favored all year and since last Oct
was the 4200 - 4350 area.
and short term we called for at least a 4th wave pullback over a
week ago, and once done anther move higher.
all KISS systems have been long on daily indexes and today they
now have new STS
again just focus on your triggers and plan, vs letting a term
like bear market stop you from entering or holding your trades as
you normally would via your system
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I'm trying to keep in
Posted by DigiNomad on 27th of Apr 2023 at 02:12 pm
I'm trying to keep in mind that bear markets are often characterized by downtrending prices interspersed with sharp corrections to the upside...the opposite of the bull market tendencies. Larry Williams and others argue we're in a bull market now that started in October, but I'm not on board with that theory yet.
Larry Williams made a good
Posted by junkie on 27th of Apr 2023 at 02:28 pm
Larry Williams made a good call last year. He also made a couple of calls about shorter duration which did not pan out as advertised.
I am watching money inflows and outflows as a criterion of a bull market or a bear market rally.
An interesting piece of insight
Posted by junkie on 27th of Apr 2023 at 02:25 pm
An interesting piece of insight was offered to me on this perspective of how to pick a top . The market this year was likened to that of 1987, which was refusing to fall all year, and when it did fall, it collapsed without much warning. The thing to watch after a drop is an initial reaction or rebound. Today a rebound is strong. When a rebound is weak and a path of least resistance is to the downside, then watch out below!
That's an easy thing to
Posted by icecoldjones on 27th of Apr 2023 at 02:19 pm
That's an easy thing to say only because October saw the lowest S&P since 2020 but also doesn't mean we don't retest that low again.
just because you think we
Posted by matt on 27th of Apr 2023 at 02:16 pm
just because you think we might still be a longer term bear why let that stop you from taking longs that meet your trigger conditions and strategies.
bear markets can go in phases and have uptrends lasting many months 6 months, 8 months or a cyclical bull inside a bear. Plus some of the target levels we've favored all year and since last Oct was the 4200 - 4350 area.
and short term we called for at least a 4th wave pullback over a week ago, and once done anther move higher.
all KISS systems have been long on daily indexes and today they now have new STS
again just focus on your triggers and plan, vs letting a term like bear market stop you from entering or holding your trades as you normally would via your system