Longer term, the market will resolve the issue. If the Dow makes another fresh low below the one put in on February 8 (23,860.46) or March 23 (23,533.20), it's near 100% certainty that this is a bear market. It's important to be positioned correctly, but at the present time, many traders are confused. Even some followers of Dow Theory, which confirmed a primary trend change to bear market conditions on April 9, are not convinced. All manner of arguments have been made, calling the confirmation false, due to extraordinary conditions, such as President Trump wanting to bomb Syria.
Such talk is pure hubris and rubbish, not worth the breath to speak of in real analytical terms. Geo-political risks are always paramount in markets; the current condition is nothing out of the ordinary.
For the present, this is a bear market and the recent gains, even if they run for days and weeks, are to be considered exit points for those who are still engaged in the equity game. Bonds, cash, tangible goods are preferred at this time.
Dow Jones Industrial Average April Scorecard:
| Date | Close | Gain/Loss | Cum. G/L |
| 4/2/18 | 23,644.19 | -458.92 | -458.92 |
| 4/3/18 | 24,033.36 | +389.17 | -69.75 |
| 4/4/18 | 24,264.30 | +230.94 | +161.19 |
| 4/5/18 | 24,505.22 | +240.92 | +402.11 |
| 4/6/18 | 23,932.76 | -572.46 | -170.35 |
| 4/9/18 | 23,979.10 | +46.34 | -134.01 |
| 4/10/18 | 24,407.86 | +428.76 | +294.66 |
| 4/11/18 | 24,189.45 | -218.55 | +76.11 |
| 4/12/18 | 24,483.05 | +293.60 | +369.71 |
| 4/13/18 | 24,360.14 | -122.91 | +247.80 |
| 4/16/18 | 24,573.04 | +212.90 | +460.70 |
| 4/17/18 | 24,786.63 | +213.59 | +674.29 |
At the Close, Tuesday, April 17, 2018:
Dow Jones Industrial Average: 24,786.63, +213.59 (+0.87%)
NASDAQ: 7,281.10, +124.81 (+1.74%)
S&P 500: 2,706.39, +28.55 (+1.07%)
NYSE Composite: 12,705.76, +77.55 (+0.61%)
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