Bear Markets of the German DAX index
Bear markets are shown below. Decision point is using 6 and 10 MA (weekly 17-43MA, daily 20-50MA) average on the long term charts to identify bear markets[1][2].
Major bull and bear markets result from fundamental changes in supply and demand[3]. Long term(primary) trends are driven by fundamental factors.
See:
[1] http://www.decisionpoint.com/TAcourse/TAcourseIntro.html
[2] http://www.pring.com/movieweb/KST_MCM.htm
[3] Trading for a living, Dr. Elder, p.65
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