CLICK CHART TO ENLARGE***I kept this chart simple, my opinion means nothing, the vote of millions of shares do. When the market sniffs out real TROUBLE or GOOD TOMES AHEAD it does so with it’s 20 and 50 week moving averages. The crossover highlighted in circle in 2000 CONFIRMED BEAR MKT in progress. IN 2002 that Blue Circle with upward crossover signalled NEW BULL MKT. That said, you can see weakness but NO crossover yet, if there is one Jo, then Bear is back IMHO> if not all is clear sort of.
Not one single other opinion was needed or necessary, the MA’S speak to me and tell the story and the action afterward proves it.
KEY IMHO is what to do, WHO knew small caps, real estate and gold would do well during 2000-2003 period? Or would lag recently as large caps outperformed.
Maybe one doesn’t run and hide like I did, but it is MOST DIFFICULT to see as it is happening the opportunities of long positions during a bear mkt, some DO and DID work, not the SPX 500, DOW or NAZ….but things did work, it is the quick adjusting of portfolios that makes the difference…..switching to defensive sectors may not help.
D....your bearish leaning, contrarian voice over your shoulder market observor
