Bear market structure …
If you want to see a real bear market structure …
Today we had a perfect example in the US market:
Ahead of the open … NEWS … at first sight positive, but a non-event … today we had the Citibank “news” and the Mortgage applications.
WHY? To start selling from a higher level …
After that … SELLING ALL DAY LONG …
Then … a rebound towards the close … 
WHY?
Creating hope for a turn around tomorrow and … A BETTER LEVEL TO KEEP SELLING!!!
This is another sign, that the market has NOT seen the bottom …
Tags: bear market
April 10th, 2008 at 18:25
Well, its up 120 today.
Rally on what kind of news?
Nothing?
April 10th, 2008 at 23:04
They find and/or invent reasons to keep the balloon in the air