the market continues to go higher. bears think every day is closer to a crash. bulls know that the higher it goes... the higher it can go. this is psychology. a bull market is what it is because of these two groups. --------------------------------------------------------------------------- with every big down day... .the bears get excited. their hopes have been confirmed... for a day. the bulls... are grateful for another entry.... lest they get left behind. then the market continues. where does the fuel in the gas tank coming from ? it comes from the lost profits of the bears. if the bears stopped getting short... who would the bulls buy from ? what is necessary to get the bears to get short ? and to provide the bears with yet another long entry ? a down day ... or two down days. maybe just a gap down during after hours. when does a bull market end ? when there are no more bears getting short. when all the bears have decided to start getting long along with the bulls.
tuesday ... short sell day look for a low made first on a down move ... for a scalp long --------------- otherwise .... look for a high made first ... for a hold to new lows