I've been following the S Fund for some time now and the chart shows that it has been in an uptrend since early Oct 2011, therefore, my opinion is that we're in a Bull market.
Yes, the S Fund dipped in Nov 2011 for about 8 days but after that it continued the uptrend.
I expect further dips (and I will buy the dips) but until the trend breaks and remains in a downtrend I will continue to espouse that it's a Bull market.
PS: I reactived my account.
Though the Exponential MA seems to predict the market trends better, the exponential was only used since the 1960's with the prior 80 year's markets using the Simple MA for calling Bull markets.
So: if the Nasdaq Composite closes up tomorrow beyond its shadow [which I believe it will,] then the most often used MA: Simple: will have more than one major equity over the 200 by the 50 and we will, IMHO, be in a Bull market.
Its weird how back a few months ago the U.S. debt and European crisis mattered so much, and now matter so little………..
http://www.guardian.co.uk/world/2012/fe ... sfeed=true