A very old rule is you only get 300+ moves in the Dow in bear market rallies.
I think it has happened in bull markets a couple of times.
I think there were some at the start of the 2003 bull.
Bear markets are known for their savage bounces that keep most out.
This 300+ move is a caution signal but if it is a bear then the gain should be lost quickly.
where i see it thursday, page-5
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