We are 1 day into a bear market !

On this chart from 2009 -2011 you can see the action of the buy and sell area's 80 overbought take a minimum short, over 90 a strong short.

To go long I use 15 to take a small long but 8 or under you need to load the boat.
We are today 11-21-11 -- 1 day into bear market. An area that could whip.

StockCharts version is
http://stockcharts.com/h-sc/ui?s=$SPXA50R&p=D&yr=1&mn=1&dy=0&id=p16006213521&listNum=3&a=206277545
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Next we have 2007 to 2009.
I have the ATH market in Oct 2007 marked in Green. You will notice it was hard to find a move above 80.I have no idea why 2011 had 90's.

I have marked divergence also.




NEXT 2001 - 2003


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This is as far back as I could go.
Coming out of the bear give more idea's of where we should go if this bear is in the works finally.


Http://trendsby3.blogspot.com/