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Actually, if one follows the principles of trend analysis there's money to be made in the stock market, no matter what the market index's are doing. Today 52 out of 209 market sectors increased in value. Obviously this is a huge money making opportunity for short sellers (at least they'd have an easier time at it), and to a lesser degree (but not impossible) those going long.

Even the worst performing sector (anathema for those going long) - Telecommunications (Processing Systems & Products) - which declined 6.82% in value today, contains a gem. Global Systems, Inc. (GCOM)has been trending up since the 11 Oct (the day price crossed the 20 day exponential MA). It opened at $2.85 on that day, and closed at $4.50 today. Foreshadowing of the trend was on 27 Sep when the 17 period, 3 period %K, 3 period %D stochastic crossed above 20. Confirmation of this signal was made by the extreme narrowing of 20 period, 2 standard deviation Bollinger Bands. On the 11 Oct the stock broke out on the upside, with a present unrealized gain of 58% in 18 days. This is an effective annual yield of 3824%. Not a bad return in the worst performing sector in a general bear market.

By the way, the 26 week price performance for that sector is 205 out of 209. That means that it is performing better than 1.9% of all market sectors. Without doubt there are a whole lot more gems such as that if one looks in those sectors in the top 25% of price performance for the last 26 weeks. With the aid of a good stock charting program (such as TC2000), you too could make money in the stock market no matter what it does.