“Ask one hundred investors whether this is a bull market or a bear market, and you are likely to find their opinions split evenly down the middle.” IDENTIFYING BEAR MARKET BOTTOMS AND NEW BULL MARKETS is here to clarify.

This paper was the winner of the prestigious 2002 Charles H. Dow Award. Each year the Market Technicians Association, in alliance with Dow Jones and Company, presents an award for excellence in the field of Technical Analysis. The recipient of that award is Paul Desmond, President of Lowry Research Corporation.

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IDENTIFYING BEAR MARKET BOTTOMS AND NEW BULL MARKETS