Market Condtions - BullBear Trading: Stock and Financial Market Technical Analysis2024-03-29T10:36:36Zhttps://www.thebullbear.com/forum/topics/market-condtions?feed=yes&xn_auth=noSome other bearish indicators…tag:www.thebullbear.com,2009-11-12:3301355:Comment:43172009-11-12T05:08:01.000ZBob from Buffalohttps://www.thebullbear.com/profile/BobfromBuffalo
Some other bearish indicators i've noticed are the divergences in both the BKX and the Nikkei 225. The Nikkei 225 made it's high in August and the BKX in mid October. These indicies both made their highs in 2007 before the major indicies turned. I'm of the view that this is a bear market rally, but I understand it is a process and a top could take months to play out. At present i'm unwilling to become agressively short because of the recent move up in gold.
Some other bearish indicators i've noticed are the divergences in both the BKX and the Nikkei 225. The Nikkei 225 made it's high in August and the BKX in mid October. These indicies both made their highs in 2007 before the major indicies turned. I'm of the view that this is a bear market rally, but I understand it is a process and a top could take months to play out. At present i'm unwilling to become agressively short because of the recent move up in gold.