Here’s why Bears have so much 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:
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.