Before You Scream Bull... Have You Checked The 200 MA?
Just how I trade... I like to wait for a full breakout above the 200 MA. Now, sometimes while in a bear market we may see us come back to test the 200 MA, but as you should know we usually get quickly rejected. If not that, then we will usually see a few days above it before a full on crash back down. To me... times like this are a great opportunity to be shorting. I like to save my longing action for when we are not just above the 200 MA, but actually being supported by it as well.
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