A hypothetical reversal scenario of the Dow indicating the technical signals that forewarn each stage as they unfold. This is an application of the typical reversal patterns that I posted earlier [Thursday, April 3, 2008|BOTTOMS AND REVERSALS] and a follow thru to my article about spotting reversals and continuations [Sunday, April 20, 2008|DJIA, SPOTTING REVERSALS, CONTINUATIONS AND CONSOLIDATIONS] . The appearance of a higher low in the primary trendline constitutes a provisional major uptrend. A 2nd higher low confirms the major uptrend and the existence of a bull market. A bull market exists when the primary trend is advancing.
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