Yesterday they said that it was now safe to "BUY" the market after this 12 % rally from the recent lows;
However if this was just the beginning of a bear market (which tend to last anywhere between 12-24 months) - we have only seen it for 3 months (so far) - what does it say about the rally - strong as it seems - is this a sign the BULL is back?
Well the last significant bear move was 2008.
Dow chart from 2008
1. can see the initial fall from the topping pattern was about 18% (2018 - 20%)
2. Rally from that first low was 12% (2019 -12%)
3. Market then fell 18% and made a lower low -
4 Market rallied 9 % (weaker)
5 Finally 27 % fall
6 small rally
7 final fall and capitulation
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