FarsightI have to disagree with you on some points. It is very...

Farsight

I have to disagree with you on some points. It is very much time dependent. Whatever method you may chose to use ie moving averages, the trend is still dependent on time frame. MA on a 5 minute MA will show downtrend whereas the same chart will show 1 hour MA uptrend and so on. The same applies to most other indicators. There are literally hundreds of trend within any chart. What I am saying however is when people speak of the market in general as a bull or a bear market, it is very important that they use long term approach. If it is not a long term approach then use words like short term bear market trend, retracement, pull back or even short term correction. I do not see how they can call the "market' a bear market atm.