second half of bear rally under way

  1. 1,383 Posts.
    Corrections are notoriously hard to predict and trade. It seems pretty much confirmed now though that the second half of the big bear rally is under way after last Friday's selloff.

    CSL caught me by surprise last Thur by finally breaking upward out of its reverse H&S (cup and handle) setup, first target 38, second 41. Now it seems likely that BHP will also finally follow suit for the second half of the big rally, target $42.

    Those stocks that made new lows (banks, retail)or hit double bottom (construction) should now be in wave 1 recoveries.

    Long CSL, BHP. looking at the rest

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