resumption of the bull market?

Quote from cnms2:

An interesting article: "Technical Signals In The S&P" by Charles B. Schaap, also printed in "Technical Analysis of Stocks & Commodities" 2006 bonus issue.

It presents a multi-year analysis of the S&P using ADX / DMI, and concludes with: <table border="1" width="100%"> <td width="100%" bgcolor="#008080"><font color="#FFCC00" size="2"> <b>HEADING FOR A RETEST</b><br>
Market pundits love to speculate how high the market can go, but successful traders are less concerned with predictions than with preparation. Before they ask how high price can go, they first ask how low can it go. Key technical signals help the trader assess probabilities and manage risk.<br>
From these charts, ADX tells us that the monthly S&P trend is weak. The upward movement from 2003 represents an up retracement of the larger downtrend that started with the market bubble top in 2000. The DMI lines tell us that the S&P is directionally weak, while stochastics demonstrate bearish divergence.<br>
Currently, it appears that the S&P is headed down for a retest of the 2003 lows.</font></td>
</table>
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pretty darn good analysis of the long term view
 
Hi Buy1Sell2

I'll assume you're a bear.
Lots of them lurking the Street these days.
Everyone's trying to call the top?
That's makes for a nice bull market
thx.
 
Quote from gharghur2:

Hi Buy1Sell2

I'll assume you're a bear.
Lots of them lurking the Street these days.
Everyone's trying to call the top?
That's makes for a nice bull market
thx.
More...

I am a bear right now, but at other times I am a bull. I am currently averaging in to a short position.
 
In my opinion SPX just hit the top of the rally started last October. From here I see a general down trend for the next two months, at least. But for me it doesn't really matter because I only care about shorter term up / down trends, and I use stop losses and money management.
Quote from gharghur2:

Hi Buy1Sell2

I'll assume you're a bear.
Lots of them lurking the Street these days.
Everyone's trying to call the top?
That's makes for a nice bull market
thx.
More...
 
Quote from gharghur2:

Thank you !
Bring on them bears :)
More...


hmmm....

% of stocks above their 50 Day Moving Average...

month ago = 70.4%
today = 58.8%

(yesterday = 55.3%)

If this is such a great bull market, at least the overall participation doesn't confirm it. Doesn't this signal a weakening trend?
 
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