Anyway on Friday, Tim Woods wrote: Bear Market Phasing
- .... For now, this rally lives on and identifying its top will be an ongoing process. In the meantime, the point I want to make clear here is that regardless of how long this rally lasts, it still appears to be a bear market rally that should prove to separate Phase I from Phase II of a much, much longer-term secular bear market.
Do give it a read if you are interested, else it matters not if you think think this market can go up forever and ever. Yeah, young bulls it seems.
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