The stock market was in turbulence throughout much of 2009, with the long bullish trend starting to turn grim.

For all the opportunities to sell short, he must buck more than an unfavorable bullish trend.

Steven Resnick, senior investment strategist at Cowen & Company, said he expected a bullish trend on the assumption that good corporate earnings would continue.

In sufficient numbers, Mr. Birinyi said, small investors can be the marginal buyers that keep a bullish trend in place.

Chen Zhiwei, a restaurant chef, said, "With more new stocks listed, the bullish trend will keep going until the index hits 15,000."

The indicator oscillates above and below the zero line which indicates a bullish or bearish trend.

The concept received major widespread prominence in the 1990s when it was used to justify the New Economy, which consisted of a long bullish trend, and support for the free market.

The dollar edged higher again yesterday, continuing a bullish trend that began late last week.

A bullish trend in the stock market often begins before the general economy shows clear signs of recovery.

If death rates resumed their normal bullish trend, he added, his profit estimates for Loewen Group could be too conservative.