And before then, it was down. Again, so what? Saying that the market is bullish because it's going up is as much of a duh as saying that it's bearish because it's going down. However, bullish and bearish can have very little to do with up or down. If that's all there is to it, why discuss it at all?
Yes, be careful people. The word "trend" is db's territory; no one can define it like he can. Woe upon those who try.
Trends exist in multiple timeframes. To say that the current trend is bearish is to be both correct and incorrect at the same time, unless one specifies the timeframe. Price action cannot and should not be viewed in isolation.
Used to have one for beginners, but the webhost went bankrupt, so the website is no more. Sic transit, sic transit.
stuff hilarious? He says the trend is not important, then admits he had a now-bankrupt website for beginners about technical analysis? The website better have been for beginners!