Tuesday, November 13, 2007

After the Fall - Now Where? - Dr. RonSen

  • Bull markets don't let you in, bear markets don't let you out.
  • Bull markets have end of week and end of day strength, bear markets have the reverse.
  • Best bull markets occur with large numbers of breakouts from good bases
  • Bull markets tend to show better dynamics like breadth, tick strength, and low TRIN
  • Price makes news
  • Analyze the market's opening range (first thirty to sixty minutes). Is there strength through the range or selling at range resistance and buying at support.
  • Does the market make a high or low for the day first.

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