Friday, April 28, 2006
Specifically for bear markets
Remember, that when stocks are in a downtrend, they rarely go straight down. Instead, they go down a little, then move sideways into congestion, and then go down again. This intermediate congestion is a bit shorter than the type I showed with LifeMinders.com (LFMN:Nasdaq - news), but works almost as well.
http://www.thestreet.com/comment/charted/923580.html