The US equity market is still going great guns. So, is the bear market over? Last week, I pointed to a fundamental research piece offering one view.
This week, I came across another interesting piece. This one is from the technical research perspective.
For the uninitiated, here’s one technical mantra:
In a bull market, advances accompanied by increasing volume or declines on diminishing volume are taken to be bullish. Conversely, in a bear market, declines are accompanied by increasing volume and advances show diminishing volume. Volume should always be studied as a trend (relative to what has preceded) – Richard Russel, The Dow Theory Today.
Check out Hussman Funds for the full article.