The Bears and the Stocks

I would look at these charts and I would study them like, what did I miss? And there are so many times when what I missed was this break. If a stock breaks a 200 day moving average, you know, I don't care. I'm not in that thing anyway. But a break of the 50 day moving average or a nice trend line that has been supporting that stock, it's well established. So I really look at that first big move down as a shot across the bow. When you see this stock get so broken then it rallies up, but it doesn't continue very far.