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Stock Market Bulls vs Bears- The Battle Rages On!

Stock-Markets / US Stock Markets Mar 25, 2008 - 06:45 AM GMT

By: Michael_Nystrom

Stock-Markets Best Financial Markets Analysis ArticleIf you're reading this, you're probably like me in this respect: Watching the market try to make up its mind is fun, the same way that watching a game is. The best part about this game is that you don't have to wait until Sunday – it is always on, and there is no shortage of pre- and post game analysis. True, it is always the same two teams – the Bulls vs. Bears, but each day they go at it with a vengeance, and recently the games have been nail biters! Furthermore (and perhaps the very best part) is that there is absolutely nothing illegal about placing bets on your favorite team for both fun and profit. In fact, you're encouraged to do just that.


Today was a blowout day for the Bulls. In spite of all the bad news over the last few weeks, the Bulls and Bears have battled to a deadlock. On the Dow chart, that deadlock appears as a trading range, with the upper bound at 12,750, and the lower bound around 11,750. That is a pretty big field of play, but so far, neither team has been able to push past the red zone and into the end zone. As I've been cautioning over the past several weeks, it isn't prudent to pick sides just yet - both the Bulls and the Bears are full of trick plays and surprises (especially since the Bulls have help from the Fed). However, whichever team can bust out of this range is likely to go on an extended winning streak. So watch the range and prepare to act accordingly!

While I'm fundamentally bearish, I've learned my lesson the hard way to stand aside and listen to the market. Which brings me back to my point. Even though it was a blowout for the Bulls today (Dow up 187), all the action still took place within the confines of the range. This makes it hard to pick sides just yet. Rest assured that any data you might use in your handicapping – whether you got it from the Wall Street Journal or your own private calculations - both the Bulls and the Bears have certainly already discounted it and more. They've used every piece of information – both known and unknown – to the best of their advantage.

So chalk it up for the Bulls today. They won the battle fair and square, of course with a lot of help recently from the Fed. You might think it is unfair that the Bulls have such a powerful ally as the Fed on their side. But the Bears have a powerful ally of their own – one even more powerful than the Fed. It is called Reality.

All this being said, it does look promising for the Bulls. However, less than a week ago it looked equally promising for the Bears. So just remember that looks can be deceiving. For you to win at this game requires one thing and one thing only, and that is being on the right team. Bulls or Bears, it doesn't matter as long as your team is winning. The only thing that is certain about this game that you must know how to submit to the market's will and to go with the flow.

By Michael Nystrom

www.depression2.tv
www.bullnotbull.com

News & charts tracking the unfolding second great depression - updated daily on the home page

Copyright © 2008 by Michael Nystrom - All rights reserved.

Disclaimer: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Do your own due diligence.

Michael Nystrom  Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Simon T Chikomba
06 Apr 08, 14:05
Bulls and Bears

I would like to understand what bulls and bears are and their relevance in the financial market.


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