Strong Bull Market - Strong bull market 5 years on indeed.
As you can see on the the S&P chart, the low back in 2009 has held and as you read this the market, this bull market is now 5 years old. While the market has not shot up in a straight line, we have had tops, pops, and everything in between. But its obvious the BULLS have done a lot of damage that is for sure. :-)
All in all, its been a battle field for the bears, and the bulls have basically just done damage month after month. As a trader it reminds me about the action just before the DOT COM bust, or the SUBPRIME horror back in 2007, but a picture tells 1000 works, and the chart below no doubt is telling us this market does not want to let up just yet.
12 months ago, there were alot of TOP CALLERS, and now here in MARCH 2014 there is yet again another gaggle of top calling hound dogs who racing round the neighborhood, howling and foaming at the mouth telling everyone the bear market is about to begin. Oh really???
But right here, the chart below is not saying that is the case at all. We have been in a huge upwards channel for 24 months now. Yes! Since 2012. When you zoom back and look at a 5 year chart it really puts things in perspective ey? :-)))))
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