Context Is Everything by Gil Morales and Chris Kacher
ARTICLE SYNOPSIS ...You do not have to be a Chartered Market Technician
to understand how market context can influence
the price behavior of stocks. No stock is an island,
and how a stock behaves is often a function of the
market at large, which in turn is a function of underlying
conditions -- the context within which any particular market
environment is developing.
In the simplest of terms, we know that in a bull market, most
stocks go up, and in a bear market, most stocks go down, so this
basic idea that market context can provide meaningful clues
when studying stock charts is already something we are...