Stock markets are approaching the time once more when the intermediate cycle will top out. It happened after 9/19/2009, 10/19/2009, and apparently 11/18/2009. Instead of the 4-6 week bull market advances that we normally see in less agressive long term bullish trends, we are now getting the faster 10-14 day cyclical advances, similar to what we saw in 2003.
The important thing to keep an eye on, is whether the decline periods continue to form that confirming bullish pattern of "higher lows" on the indices price charts. As long as that happens, it's an indication that the longer term trend remains intact.
In 2003, that intermediate cycle bullish trend didn't end -www.themarketforecast.com/HowItWorks.html - for nearly a year after the long term and intermediate cycles formed a cluster in March 2003. We could easily a continuation of this longer term bullish trend last just as long.
