Bull Market Cycle RIP 2/8/2011
That rare 3 years of rises in a secular bear market is looking distant now
The DOW Theory just signalled a primary tide Bear Market confirmed on the 2nd August 2011.
This event happens when both primary up trendlines break...... the DOW Ind index gets a confirmation with the DOW Transport Index or vice versa.
Edit: forgot to add the extra requirement ::: as well as the primary trendbreak, the index has to drop below their previous low point (Not drawn on the chart)
The DOW theory although looks simple on a chart is a highly reliable signal indicator.
http://www.imageurlhost.com/images/m...0hup337jf0.png