I have seen this a few times now but it provides a good picture.
Is this rally a bear market rally or not? Technically we will not know unless the patterns are completed, but we can surely speculate.
This charts is from 1929 , we need not follow the same pattern but its worth looking at. Especially nowadays many people are saying that 20% rally from a low equals a new bull market.
This is not true, as you will see in the chart in previous bear markets the rallies have been over 30% and the overall trend was still down.
Maybe its different this time but I think we should try and learn from history.
Here it is again.
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