Market downtrends, which characterize major bear markets, represent period of high risk for investors who are generally well advised to avoid assuming ner positions and/or to reduce currently invested stock positions for as long as suc downtrends are in effect. Just to review the tell-tale signs and patterns of behavic associated with bearish market climates. [...]

During declining and neutral market trends, resistance zones are likely to develop in areas in which there have been previous market trading, areas that have halted price advance in the past. How might a resistance zone develop? Well, suppose that a market advance has just come to an end, taking a particular issue down from [...]

An awareness of patterns associated with support zones (areas usually associated with previous trading ranges, in which prices find support against further decline) and resistance areas (areas that resist further price advance) enables investors to more accurately define the diition of significant market trends. Such patterns also suggest areas in which price reversals are likely [...]