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JTH
10-23-2009, 11:18 AM
All

What is your bias when a market develops a lower high and higher low during a bull market? Does it change if it's a bear market? I realize this a short-term example, I just wanted to get some different perspectives to add to my own.

Thanks

7053

James48843
10-23-2009, 12:38 PM
good observation. It makes me want to pay closer attention. We may be running out of steam on the climb back up. Take a look as the Shainghai index - as that one seems to be running about 3 or 4 weeks ahead of the dow- with pretty parallel results.

tsptalk
10-24-2009, 01:41 AM
All

What is your bias when a market develops a lower high and higher low during a bull market? Does it change if it's a bear market? I realize this a short-term example, I just wanted to get some different perspectives to add to my own.

I have always believed that what you describe (an inside day) is a continuation pattern, meaning whatever the prior trends was, the inside day would reconcile in that same direction.