Rallies

I see a lot of folks talk about rallies when we are in an uptrend. It is my contention that they are using the wrong terminology. Rallies occur in downtrends.

 

So what's the right term for a sharp price rise within an uptrend?

 

Continuation or resumption.

 

An analogy would be a sports team rallying from behind to try and catch the team that's ahead. When the team that's on top scores more, it's not a rally---they are adding to their lead.

 

and this needed its own thread?

 

yes--and another thread needs to be created concerning the spelling of the word "lose". But I won't bother with that.

 

From the Merriam-Webster Dictionary
Rally.."To muster for a common purpose", "To come together again to renew an effort"

 

Do you want to rewrite Investopedia? http://www.investopedia.com/terms/r/rally.asp :

What is a 'Rally'
A rally is a period of sustained increases in the prices of stocks, bonds or indexes. This type of price movement can happen during either a bull or a bear market, when it is known as either a bull market rally or a bear market rally respectively. However, a rally will generally follow a period of flat or declining prices.

 

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I figured the same B1S2;
but i use the words bull market uptrend. I also figured some use they word ''rally'' if they are bearish[ in a uptrending bull market].Your way makes more sense; especially since a bear market move up is WAAAAAAY different fom a bull market uptrend, moving up.Its such a practical difference,, makes one wonder if some ever saw a bear market.LOL

 

I tend to use the term corrective or correction to describe most moves these days..