Momentum Guru: Bull Market is Dead

"The current stock market decline is not just another correction in the six‐year bull trend," wrote Michael Oliver of Momentum Structural Analysis."A bear market in developed market stock indices has begun." Mr. Oliver's specialty is to look at momentum charts, not price charts, and in doing so he's sees a significant break of the momentum that's been supporting the market since the 2009 lows. Moreover, he sees the same break in overseas markets like the Nikkei 225 (down 14% from its June high) and Frankurt Dax (down 23% from its April high).''