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Any system should be able to work in both bull and bear markets. There is
absolutely no difference. Fear and greed are at opposite sides of the
spectrum, but their effect on price is exactly the same, only the directions
are different. If a so called system only works in one type of market, it is
not a system it is a method of siphoning funds from your account. The only
difference in bull and bear markets is that the bear gets there a lot
faster. The bear took away in one year what the bull took almost 8 years to
build. The bull expended the greatest effort in the last 2 years and to very
little avail. Whether there is a bull or bear market strictly depends on
what you are trading. I am sure that those trading the oil and oil drillers
along with Natural gas, crude and gas, didn't realize that there was a bear
anywhere this past year. Things may change now. Only your system will tell
you. Ira.
John Nelson wrote:
> You've brought up an interesting point. Systems that worked great in the
> bull market are probably failing miserably in a bear market. "Real
> Traders" know this, but probably not the dumb slob who shelled out $1,000
> for a single trading system which only works in bull markets. Yeah no
> wonder the vendor can claim "50%" profits per month. In a trending,
> market the anyone can make money.
>
> Now that the old rules have slipped away a lot of green or complacent
> traders are gonna be mighty confused and fraustrated as the tools they
> once relied on turn into the emporer's new clothes.
>
> -- John
>
> On Fri, 16 Mar 2001, Earl Adamy wrote:
>
> > VIX rose over 36 on Tuesday and the market has barely budged ...
> > wonder what it's going to take this time ... 45, 60, 75? Something
> > is very different this time and sentiment indicators which have worked
> > for years in bull markets are not working in bear markets.
> >
> > Earl
>
> __________________________________________________________
>
> John T. Nelson | John's Trading Journal
> trader@xxxxxxxxxxxxxxx | http://trader.computation.org/
> __________________________________________________________
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