If I am not wrong I was classified as bull market under correction.
My system classified the whole 2007 run up as bear market acting as bull. Be catious.
As at july 2007, was classified as bull run ended bear market resumption.
2009 rally same classification bear market acting as bull.
Currenlty signal has not faded to bull run ended resumption of bear market.
What did people classify the 2007 rally at oct?
Started by
porsche911sg
, Oct 21 2009 07:42 PM
3 replies to this topic
#1
porsche911sg
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Posted 21 October 2009 - 07:42 PM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
IYB
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Posted 21 October 2009 - 08:14 PM
Hi "Dr. Porsche". Here's how I look at the primary trend, fwiw...
http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1996-01-28&i=p04692368903&a=149688849&are=599.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1996-01-28&i=p04692368903&a=149688849&are=599.png
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#3
porsche911sg
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Posted 21 October 2009 - 08:33 PM
Thank You so much Don, I am printing out your chart to re draw it by hand again. I don't know why my hand draw charts get the signal earlier, The bull market ended in Jul 2007, instead of oct. The bull runs started earlier...
I went short starting at 1084 this round adding positions till 1096 first till from march I was 100% short. Was too earlier should have came in later at 1096...
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#4
dadook
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Posted 21 October 2009 - 10:02 PM
Hi "Dr. Porsche". Here's how I look at the primary trend, fwiw...
http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1996-01-28&i=p04692368903&a=149688849&are=599.png
I would have to disagree here. Or the words I would like to use would be "POSSIBLE Onset of Bull market" .... real events that will take place in economy should determine this outcome. In 2003 there were many catalysts in the real economy that propelled that Onset, this time around it will be a lot more challenging hence making me favor the double dip scenario. This is all for talk and opinion and will trade according to market action and not my opinion.
