bear surprises things completely change out of nowhere so IBD W. Oneill- i only wrote 1 chapter on Bear markets. I do not trade them and technicals do not work.
So at 2pm Larry Pesavento was very bearish and said line in the sand for Bears es 4360 and if higher look out bears. So at 4pm he looked like a clown.
So shadow video which was very good says technicals looking for higher prices.
Well Peter forget 1 thing normal technicals do not work in a bear market they do work intra day and might work for a day or 2.
Could i or did i predict some crazy weekend news. No but everyone was a bear at thurdays lows and friday the bear is dead new highs.
futures dow -416 now. so when gold or oil dump they will probably explode the other way.
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