Market panics. Technicians yawn. Is it a bear market?

Posted on Jan 18, 2008 by WHC Bassetti in Letters

It is not necessary to predict a bear market or even to identify it in its early stages. All you need to know is what to do now, and that is indicated by the ending of the sideways pattern with solid closes below the lowest horizontal line. Holding stocks in these conditions is a good way to go broke. The tide is now running out. Visualize Enron.

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