Bears Have More Fun

Here’s why Bears have so much more fun.

More_fun

That’s the action on the S&P over a 3-day, 2 1/2 hour period, up to about noon yesterday. Those are 30-minute candles. A white candle is up in the period, and a red candle is down. See that 3-day fight to climb that mountain. All wiped out in 2 1/2 hours yesterday morning. Gotta love it. Warms my heart. Nothing like huge red candles. Speaking of which, here’s Dow Mania over the last few days:

Dow_mania

Same three-day gains wiped in yesterday morning’s first two hours. But, because it’s TWELVE THOUSAND!, they just had to go and run it up yesterday and this morning, right outta the blocks. But this just illustrates why it’s even more fun to be a Bear. Unsustainable climbs, without building consolidation at various stages along the way offers no resistance for the tumble that almost always comes shortly thereafter. Ha, ha, ha. The Dow was up just about 100 points or more in the first few minutes of the day, and is now almost in negative territory.

Go Bears!


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1 Comments

  1. Tor on October 18, 2006 at 11:45

    All this talk of record territory is appalling. Adjusting for inflation, the S&P is still down considerably from its high. People just get attracted to these large numbers needlessly. Don't get me wrong; I invest in the market. But it's part of a long term growth strategy, not part of a retire at the age of 40 scheme.

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