Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 43.25

+3.7%

Dec 22 4:00 PM EST

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To: northam who wrote (168334)	2/21/2022 5:01:30 PM
From: the traveler	Read Replies (2) of 207399

Well actually its a heap simpler than that it seems. According to the so called classic definition, a bear market takes place as follows: "A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment." As I sed earlier, that means that RUT is/was already in a bear market having experienced a 22.67% decline from the ATH. Standing by to learn if any other indices reach that level. I don't think so myself but its sure as hell possible.

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