*A reply I posted on RB to a call for "what secular bear?"
(good morning Carlos)
http://tinyurl.com/4oqov 10 YR COMPQ shows LONG TERM POSITIVE RISING trend lines have done something they haven't done for at least 10 yr (this chart) but most likely since they signalled SECULAR BULL MKT.
They were rising and paralell with slower 200 ABOVE 400 WK.
NOW? 200WK has crossed down BELOW 400 WK ! The trend lines SHOW importance by repelling LAST advance.
WHEN slower 400 WK also turns down there will be confirmation Bear is back in force.....should that occur.
But most bulls don't know how to look at charts, just watch CNBC.
ONLY in US $$$$$ does this rally from 2002 look like ANYTHING! IN EURO's.....or GOLD....this rally from 2002 looks pathetic and it is. (also shown in this weeks Zeal among others can be seen on EWT free week Financial forcast)
With valuations and dividend yields at levels not even seen at bubble tops....how can this raly be seen as anything else than cyclical bull?
D
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