Nasdaq: Bear is In-Charge
A typical characteristic of a bull market as seen is its significant highs are higher and its lows are higher.
However, the market has confirmed moving into bear when the market broke below the major uptrend on the 3rd week of 2022.
Now we could see the Bear is in-charge. And a typical characteristic of a bear market as seen is its significant highs are lower and its lows are lower.
Before 2022, my strategy was to buy on dips. However, starting this year when the major uptrend line was broken below, my focus now is to sell into strength when opportunity arises. Of course fundamentals also play a big part when Jerome Powell mentioned in December 2021 that U.S. inflation is "not transitory". Then we all know the Fed was preparing the environment for more interest rate hikes in 2022 and maybe beyond.
When things change, our strategy changes.
However, the market has confirmed moving into bear when the market broke below the major uptrend on the 3rd week of 2022.
Now we could see the Bear is in-charge. And a typical characteristic of a bear market as seen is its significant highs are lower and its lows are lower.
Before 2022, my strategy was to buy on dips. However, starting this year when the major uptrend line was broken below, my focus now is to sell into strength when opportunity arises. Of course fundamentals also play a big part when Jerome Powell mentioned in December 2021 that U.S. inflation is "not transitory". Then we all know the Fed was preparing the environment for more interest rate hikes in 2022 and maybe beyond.
When things change, our strategy changes.
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