{"id":558,"date":"2011-08-31T21:25:56","date_gmt":"2011-09-01T01:25:56","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=558"},"modified":"2024-04-18T04:42:16","modified_gmt":"2024-04-18T04:42:16","slug":"reminder-were-in-a-bear-market","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/31\/reminder-were-in-a-bear-market\/","title":{"rendered":"Reminder: we&#8217;re in a bear market"},"content":{"rendered":"<p>Don&#8217;t be fooled by current month-end froth in the markets &#8212; into thinking that the bear market is over or that the early August plunge was a false signal. The S&amp;P 500 Index has made little headway after completing a <a title=\"Double Bottom\" href=\"https:\/\/www.incrediblecharts.com\/technical\/double-bottoms.php\" target=\"_blank\" rel=\"noopener\">double bottom<\/a> at 1200 despite average volumes indicating the absence of strong selling. 63-Day Momentum peaking below the zero line indicates a primary down-trend. Expect the bear rally to test resistance at 1250\/1260 before a retreat to 1100. Breach of 1100 would find\u00a0support at the 2010 low of 1000, but the calculated target is even lower*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-09-01-spx.png?w=525&#038;ssl=1\" alt=\"S&amp;P500 Index\" \/><\/p>\n<p style=\"text-align:right;\"><span style=\"color:#999999;\">* Target calculation: 1100 &#8211; ( 1250 &#8211; 1100 ) = 950<\/span><\/p>\n<p>The Nasdaq 100 performed better, clearing 2200 to complete a double bottom with a target of 2350*. Bullish divergence on 13-week <a title=\"Twiggs Money Flow\" href=\"https:\/\/www.incrediblecharts.com\/indicators\/twiggs_money_flow.php\" target=\"_blank\" rel=\"noopener\">Twiggs Money Flow<\/a> indicates buying pressure. But this is a bear rally in the middle of a bear market, and further falls on the Dow\/S&amp;P 500 would drag the Nasdaq lower.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www..incrediblecharts.com\/images\/2011\/2011-09-01-ndx.png?w=525&#038;ssl=1\" alt=\"Nasdaq100 Index\" \/><\/p>\n<p style=\"text-align:right;\"><span style=\"color:#999999;\">* Target calculation: 2200 + ( 2200 &#8211; 2050 ) = 2350<\/span><\/p>\n<p>Fedex and UPS remain in a primary down-trend, indicating that economic activity levels remain poor.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-09-01-fdx.png?w=525&#038;ssl=1\" alt=\"Fedex and UPS\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t be fooled by current month-end froth in the markets &#8212; into thinking that the bear market is over or that the early August plunge was a false signal. The S&amp;P 500 Index has made little headway after completing a double bottom at 1200 despite average volumes indicating the absence of strong selling. 63-Day Momentum &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/31\/reminder-were-in-a-bear-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Reminder: we&#8217;re in a bear market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[398,1362,2336,2403,2760,2929,3018,3301,3511,3549],"class_list":["post-558","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-bear-market","tag-fedex","tag-momentum","tag-nasdaq100","tag-primary-trend","tag-resistance","tag-sp500","tag-support","tag-twiggs-money-flow","tag-ups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reminder: we&#039;re in a bear market - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reminder: we&#039;re in a bear market - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Don&#8217;t be fooled by current month-end froth in the markets &#8212; into thinking that the bear market is over or that the early August plunge was a false signal. 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We have had three strong\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1200,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/07\/one-down-five-to-go\/","url_meta":{"origin":558,"position":1},"title":"One down five to go","author":"ColinTwiggs","date":"October 7, 2011","format":false,"excerpt":"I say this rather flippantly as we are in the middle of a bear market, and I do not believe we are ready, but a reader asked what it would take to signal a bull market. My answer: three decent blue candles on the weekly chart followed by a correction\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1340,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/17\/1340\/","url_meta":{"origin":558,"position":2},"title":"S&#038;P 500 monthly chart","author":"ColinTwiggs","date":"October 17, 2011","format":false,"excerpt":"A monthly chart of the S&P 500 index gives a clearer picture. Although the Nasdaq is advancing strongly, the S&P 500 is stuck below its long-term trendline. Note the similarity to March-May 2008 rally. Breakout above 1250 would be a bullish sign, similar to the May 2008 breakout above 1400,\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1336,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/17\/nasdaq-hints-at-recovery\/","url_meta":{"origin":558,"position":3},"title":"Nasdaq hints at recovery","author":"ColinTwiggs","date":"October 17, 2011","format":false,"excerpt":"Dow Jones Industrial Average is testing resistance at 11700. Breakout would warn of a primary advance, but the market is prone to false signals because of excessive volatility and it would be prudent to wait for confirmation. Respect of 11700, or a false break above 11700, would re-visit support at\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1966,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/18\/sp-500-approaches-tipping-point\/","url_meta":{"origin":558,"position":4},"title":"S&#038;P 500 approaches tipping point","author":"ColinTwiggs","date":"November 18, 2011","format":false,"excerpt":"The S&P 500 index broke downwards from its recent pennant, counter to normal bullish expectations, and is testing medium-term support at 1200. Failure of support would test primary support at 1100. Respect of support is less likely, but would suggest a rally to 1300. A 21-day Twiggs Money Flow cross\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2406,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/28\/2406\/","url_meta":{"origin":558,"position":5},"title":"S&#038;P 500 breaks 1200","author":"ColinTwiggs","date":"November 28, 2011","format":false,"excerpt":"The S&P 500 index broke medium-term support at 1200 and is headed for a test of the primary level at 1100. Failure would offer a target of 900*. The 63-day Twiggs Momentum peak below zero warns of a primary down-trend. * Target calculation: 1100 - ( 1300 - 1100 )\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=558"}],"version-history":[{"count":4,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/558\/revisions"}],"predecessor-version":[{"id":51333,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/558\/revisions\/51333"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}