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the market continues to go higher.
bears think every day is closer to a crash.
bulls know that the higher it goes... the higher it can go.
this is psychology.
a bull market is what it is because of these two groups.
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with every big down day... .the bears get excited. their hopes have been confirmed... for a day.

the bulls... are grateful for another entry.... lest they get left behind.


then the market continues. where does the fuel in the gas tank coming from ?
it comes from the lost profits of the bears.

if the bears stopped getting short... who would the bulls buy from ?

what is necessary to get the bears to get short ? and to provide the bears with yet another long entry ?
a down day ... or two down days.
maybe just a gap down during after hours.

when does a bull market end ?
when there are no more bears getting short.
when all the bears have decided to start getting long along with the bulls.
 
tuesday ... short sell day

look for a low made first on a down move ... for a scalp long

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otherwise .... look for a high made first ... for a hold to new lows
 
low made first on a gap down ... long scalp

close out at prev day high... or as close as possible


Quote from elovemer:
next play is a scalp long on friday
on a low made first at or below prev low
More...
 
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