In spite of all their bearish banter shorts are nervous at this point. They have their stops tightly placed ready to bail at moment's notice.
How do you know that shorts are nervous and where they have their stops? You don't, no wonder your almost up to 5000 posts, truth never gets in the way!
It's a necessary evil SCI. Tuff on the eyes sometimes but it's really great to see if you think about it.
There will but not until the Fed has completely destroyed the USD. We have a ways to go before that happens. Gidde up stocks!
Although you're being sarcastic I agree. The last and final bear market was in 2002. We're in a new era.
I agree it is the low of the day. Will it be the pivot point or the start of some thing more ominous? If it closes below 12838, will that be the cue that a bear market is awakening or is it just a number like stockturder says. In his world there is no such thing as a bear market. I have only been trading for 1 year and do not have as much knowledge as many of the posters here. It seems to me that this 12838 +/- number is very important for the near future.