Within a secular trend, there may be a number of
shorter cyclical bear and bull markets.
Not exact matches
During secular
bear markets, there are
shorter - term
cyclical bull (upside) moves, but the general trend is sideways and down.
Within these long trends there are
shorter cyclical bull and
bear market trends that generally last 2 - 3 years.
However, there were
shorter term
cyclical bull and
bear markets that could be traded.
We may have
cyclical (
shorter - term) bull and
bear markets within that period (as we have seen), but the odds are another great bull (as from 1982 — 2000) won't be here until, you read it correctly, 2017.
A
cyclical bull or
bear market typically is much
shorter.