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Re: Bear Market---How will I know Im in one?

Classic Dow Theory was the measure for both bull and Bear markets but in Dow's day the Transport industry in the States was the most powerful iinfluence.Today while powerful I dont know that its the benchmark it once was.

So to ask what defines a bull market is just as valid as bear.

As you say classically according to Dow we are in a bear market.

Either way why not trade the market as it unfolds.If that makes me a purpetual Bull and if I was trading long term short and the market kept making lower lows and that makes me a purpetual bear then so be it.

Does it matter?

If we take measures to minimise losses if and when the market tanks whats wrong with reaping the rewards of trading in a bullish manner?

My question is really related to when to change my trading methodology other than reaching maximum drawdown or a down turn in potrfolio ROR V Universe ROR.(Rate of return) or V All Ords ROR.

There are more stocks rising than falling and this has been the case for a while.

If there is a prolonged period where more stocks fall than rise would this not be a better indicator of market direction? or even a ROC or M/A of this.