Thanks, macnsc. Good chart that combines several of the things
I've learned here at BPT. Immediately, one of the differences that
jumps out at me between this Bear Market and the last is the action
in the Aroon indicators. It actually turns me more bullish as the
cross above zero and the positive cross in the Aroon during the
2000 - 2003 bear market didn't occur until the markets were turning
up. They crossed up a few months ago and until they cross back
down, are we still in some kind of uptrend? Thanks again.
The market also consolidated for several months before the
advance, that was not the case with this rally. If we do get some
long consolidation and another move up I agree that we should then
be very careful with shorting the market.
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the monthly spx chart is instructive
Posted by macnsc on 19th of Nov 2009 at 12:00 pm
as to the last cyclical bear 50% retracement - the market consoladated for several months before moving on...food for thought?
Aroon and monthly charts.....
Posted by bbaz1 on 19th of Nov 2009 at 12:17 pm
Thanks, macnsc. Good chart that combines several of the things I've learned here at BPT. Immediately, one of the differences that jumps out at me between this Bear Market and the last is the action in the Aroon indicators. It actually turns me more bullish as the cross above zero and the positive cross in the Aroon during the 2000 - 2003 bear market didn't occur until the markets were turning up. They crossed up a few months ago and until they cross back down, are we still in some kind of uptrend? Thanks again.
The market also consolidated for
Posted by mvachon on 19th of Nov 2009 at 12:15 pm
The market also consolidated for several months before the advance, that was not the case with this rally. If we do get some long consolidation and another move up I agree that we should then be very careful with shorting the market.