T/A ETF AND INDEX

[POKERSAM]

BULL/BEAR Market Rules The important thing is to determine your time frame and position in the EWP count. For example we can be in a Cycle Wave 1 down and after completing five Primary Waves down be ready for a Cycle wave two up which will probably retrace 50-60% of the decline in CW 1. So in this scenario we would be in a bear market for approx. 300 points and then in a bull market for approx 150.
So the key is to know where you are in the count and play by the rules that apply to that count and your trading time frame.

BEAR MARKET RULES:
Any move up is a correction.
Everything will resolve itself to the downside.
Most of the time and movement will be spent going down.
Any long play is risky and should be seen as temporary and shorter term.
The market's decline will rescue early entries on the short side but will not rescue a long play that is held too long.

BULL MARKET RULES:
Any move down is a correction.
Everything will resolve itself to the upside.
Most of the time and movement will be spent going up.
Any short play is risky and should be seen as temporary and shorter term.
The market's advance will rescue early entries on the long side but will not rescue a short play that is held too long.

At the present I am Short term Bullish for about 40 points.
I am Intermediate Term bearish for about 300 points.
I am Long Term bearish for about 900 points.