with due respects Siamese Parrot, there are varying opinions on what constitutes the beginning of a bull. The low on the XJO before the May rally was 4974 and the rally peak was 5980.....a rise in excess of 20% and as history tells us we were a looong wayfrom the end ofthe bear.
Also for the first time in a long time the DOW has just breached the (sharply declining)50 dma and the SPX is still to do so. I have heard a definition that says...
below 50 dma = bear market
50dma to 200 dma = bear market rally
above 200dma = new bull market.
If the SPX can go on with it and breach the 50 dma convincingly then maybe we can declare a bear market rally.....And then we should enjoy it for what it is
with due respects Siamese Parrot, there are varying opinions on...
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