The Expectations Indicator signaled a Bear Market on September 16th, 2011. The Expectations Indicator signaled Low Expectations on October 3rd 2011 . The market is experiencing a Bull move within a Bear Market. Since October 3rd the expectations indicator has signaled Low expectations several times. Multiple low expectations signals are the result of moving from a long term Bull Market to a Bear Market. We should see a large bear move in the market once expectations are signaled for the first time in this newly transitioned Bear Market.
To learn more about how to create and track the Expectations Indicator read The Art of Expectations. What determines a transition from a long term Bull Market to Bear Market and vice versa is revealed in Trading Expectations which is coming soon!