It REALLY Could Be Different This Time...

Crude oil staged the biggest 3 days drop since this crisis begun today; Money continue to pour into the equity market from the credit market, bringing bond yields higher across the board (see bond yield curve); The Dow staged the biggest 2 days gain since this correction begun in May. This time round, it could REALLY be different. Sentiments are recovering as crude oil breaks its strong uptrend trendline, ending the bull trend for now. So, does this mean that we are looking at the start of a Dow bull trend now? Not yet. Economic data continues to be lousy and this 2 days gain still fall within the framework of a bear trend relief rally. Until we see the Dow pull back and then fail to make a new low can we say that the bear trend has ended. For now, it can still go either way.