Like I said, Very few believe. The trend is down(daily, 60 minute, 5 minute) its that simple.
The 5 minute(which I use for swing trades) could change any time
The last bear market began in March 2000 and ended October 2002 (or March 2003 as some see it). We've been in a bull market ever since. Technically, i define a bear market as 20% down from the highs. We had one such 20% correction since the bear market bottom (summer 2004), but because the underlying bigger trend was and still remains up, even these 20% corrections can't be classified as true bear markets. By the time we're through with this one, I expect us to correct somewhere between 15-20%, and we'll still be a bull market.
New highs once Da Bearz run out of steam!
