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No, quit assuming you can use buy signals normally associated with a bull trend
in a bear trend. Turn the whole thing upside down. Your buy signals are sell
short signals now. TA isn't invalidated by this, in fact, its made more
universal.
Scheier
Nicholas Kormanik wrote:
> I've noticed recently that many seemingly good TA buy signals in this bear
> market are turning out to be false positives --- prices don't turn up, just
> barely hesitate before heading down to the next lower plateau.
>
> Hmmmm. Throw out the TA for now?
>
> Nicholas
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