Thursday, January 15, 2004

Bear Market: "A long term downtrend (a downtrend lasting months to years) in any market, especially the stock market, characterized by lower intermediate lows (those established in a time frame of weeks to months) interrupted by lower intermediate highs." From Trader Vic- Methods of a Wall Street Master, by Victor Sperandeo.

Bull Market: "A long term uptrend (months to years) price movement in any market, characterized by a series of higher intermediate highs (those established within weeks to months) interrupted by higher consecutive intermediate lows." From Trader Vic- Methods of a Wall Street Master, by Victor Sperandeo.

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