Bear Markets & Bull Markets…What are they?
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.
A bear market is a decline of at least 15% in each of three important stock averages: the Dow Jones Industrials, the S&P 500 Index, and the …Value Line Index. From Martin Zweig’s Winning On Wall Street, by Martin Zweig.
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.
An extended period of generally rising prices…. From Wall Street Words, by David L. Scott.