In previous posts I have stressed the importance of a declining 200 day moving average as it seems many overlook its value. Now, in the weekend report I have presented those that follow this blog with a short-term bullish case that allow prices to regain this moving average. This site allows for readers to interpret both sides of a particular scenario so that one is not left vulnerable to a bias. This market requires investors to be nimble and open-minded, not stubbornly bullish or bearish as that can ruin one's investing career. The chart above illustrates my full expectation of what is to come in the weeks and months ahead. In the previous 2 bear markets, that of 2007-2009 and 2000-2003, prices only slightly regained its 200 day moving average before ultimately giving back those gains.
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