Extended bull phases in the stock market have tended to experience a prolonged period of 40+ consecutive trading days without a daily price correction of 1% or more early in the bull phase. .

The linked article and chart by Bespoke Investment Group (here) displays the frequency of periods of such consecutive day periods since 1980.  The market has currently gone 27 days without a 1% + correction.  It needs to make it to February 24 to satisfy the 40 day hurdle.  IF ( a big IF) attaining 40 days without a 1% correction is a valid indicator that the market is in fact in a new bull phase, then the market might be expected to rise for a period defined in quarters if not years.  Jeb Terry, Sr. February 9, 2012

Aberdeen Investment Management – a guide service for micro-cap technology investment

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