At Blue Harbinger, we are disciplined long-term investors. But that doesn’t mean we don’t pay attention to short and mid-term market technicals. Technical analysis is a tertiary consideration for us, behind asset allocation (e.g. “beta,” or your mix of stocks, bonds, cash) and picking attractive individual securities (e.g. “alpha”). Here is how we monitor technical conditions, and some thoughts on whether the strong start to 2019 is just a “relief rally” within broader bear market conditions.