02 April 2008

SP 500 Daily Chart - Bear Market Update April 1


Try not to get out in front of this, and keep a very open mind that the comparison may diverge at some point thanks to the massive Fed and Treasury intervention.

Its better to miss the first part of a move than it is to come in early for several false starts and exhaust yourself and your resources for the time when the real move comes. "Bragging rights" are for amateurs. If you make a 'call' you carry it like a cross. Trading in bear markets is all about agility.