The only way to buy stocks in a bear market
When deciding to trade at the lows of a bear market impulse, like today’s probable 80 day cycle trough failure area, its best to stick to this plan:
check what crossed the 20 day FLD today, yesterday or the day before. {The 20 day FLD gives enough evidence that an 80 day rally has been spotted in the past week or so.}
examine price and volume today at 900 CST
determine if it is supported by the market as a whole and the sector
trade long with absorption at the hourly lows
This worked today on energy and gold stocks.
But the results are not there. I dont see why anyone would want to do it. But its the only way in my view.
As a side note, stocks were supported by volume today, suggesting that there is another bull trap here.
BUT AGAIN: I dont suggest doing this, instead I choose to go after what is breaking down at the current moment in the current day, within a bearish sector!