think markets are headed up, page-8

Prophet

If it is a bear it has the possibility of lasting into Oct next year IMO, it will have lots of rallies.

I thought Oct next year would be a doozy but sometimes it is just the end of a long decline.

Bear market rallies are usually sharp and take back much of the gradual fall. 300 pt one day rallies in the US is normal. They last a day or three and are at new lows in less time. There will also be longer rallies and that's where you need good rules.

McLaren looks for 1/3rd of the total move down which is not a bad rule.

I have usually relied on a longish moving average.

I am sure you are nimble enough to pick the rally points, me, I'm not so clever.