A primary trend has broad support throughout the entire market, across most sectors, and lasts for a year or more.

Bull market

A bull market is a period of generally rising prices. The start of a bull market is marked by widespread pessimism. This point is when the "crowd" is the most "bearish". The feeling of despondency changes to hope, "optimism", and eventually euphoria as the bull runs its course. This often leads the economic cycle, for example, in a full recession,

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