Comments on: A Look Back at the 2002 Bear Market Bottom http://blog.afraidtotrade.com/a-look-back-at-the-2002-bear-market-bottom/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Corey Rosenbloom http://blog.afraidtotrade.com/a-look-back-at-the-2002-bear-market-bottom/comment-page-1/#comment-146892 Corey Rosenbloom Thu, 20 Nov 2008 23:49:32 +0000 http://blog.afraidtotrade.com/?p=3252#comment-146892 I wish it were that easy! The monthly averages did indeed cross which is a huge development, but that doesn't mean we need to run out and short the market indiscriminately. Moving averages do lag price action, and the monthly averages lag by quite a bit. The last time this happened was mere months before the bottom but there's absolutely no guarantee the same will happen again. The market has faller further faster than it did earlier this decade and - some argue - we're totally in uncharted territory. I wish it were that easy! The monthly averages did indeed cross which is a huge development, but that doesn’t mean we need to run out and short the market indiscriminately. Moving averages do lag price action, and the monthly averages lag by quite a bit. The last time this happened was mere months before the bottom but there’s absolutely no guarantee the same will happen again. The market has faller further faster than it did earlier this decade and – some argue – we’re totally in uncharted territory.

]]> By: Anonymous http://blog.afraidtotrade.com/a-look-back-at-the-2002-bear-market-bottom/comment-page-1/#comment-146873 Anonymous Thu, 20 Nov 2008 20:54:02 +0000 http://blog.afraidtotrade.com/?p=3252#comment-146873 Corey, All I could see is the bear-cross in Oct 2000, and the current one you pointed out in yesterady posting "Midweek SP 500 Overview". Probably the bottom is taking place more than one year from now? Corey,

All I could see is the bear-cross in Oct 2000, and the current one you pointed out in yesterady posting “Midweek SP 500 Overview”. Probably the bottom is taking place more than one year from now?

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