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| The bull lives above the 200-day moving average while the bear lives below. This popular average defines whether your selling strategies are trend or countertrend in nature. Multiday short sales above the 200-day require more precise entries and more defensive exits. Sales in bear territory often follow classic trend-following practices (i.e. sell a pullback and watch the decline). The pool of potential buyers is much larger above this average. The pool of potential sellers is much larger below this average. Greed lives above it while fear lives below it. Although intraday traders have no commonly used alternative, a 200-bar MA on a multiday 5-minute chart provides a useful axis for bull-bear power.
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