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R2000 - Ain't No Bear There
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tab321



Joined: 22 Jan 2005
Posts: 368
Location: Texas

PostPosted: Mon Feb 28, 2005 12:12 pm    Post subject: Bears Lurking Around Reply with quote

Sailorboy:

I think your analysis makes sense. I would agree that until the 2/17 highs are taken out .....the O' Bear could show back up anyday. Of course, the Bear can show up any day he wants to but once that high is taken out, he should have to go off and lick his wounds a few days.

Figuring this stuff out "going forward" is where it is at !! Thanks for your comments. Even if we turn out to be wrong....that is not the issue. The issue is whether or not we learn something about how to interpret things for the next time.

Quote:
On Friday 2/25 price blew through the 50 dma and the 20 dma crossed the 50 dma and is heading up this is a bullish sign (see my note of the 2/19 posted above). Stochastic is in a favorable position and viewing the overall picture I cannot see any bears in view, but they may be lurking round the corner because we seem to be coming into a triple top possibly. On the other hand if price today breaks out above the 2/17 highs the bears would have retreated to their den.

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tab321



Joined: 22 Jan 2005
Posts: 368
Location: Texas

PostPosted: Tue Mar 15, 2005 2:12 pm    Post subject: Bears Having a Hard Time Reply with quote

The Bears have had a hard time defeating the Candle Signals.
This is about as bullish as you can get for an index.
Smooth Ride Up.

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