Defining Bull Market Based on MA250

Bull Market Stages:
Stage 1 - Index crossing and staying above MA250
Stage 2 - MA50 crossing above MA250, called "golden cross"
Stage3 - MA250 moving up, usually the uptrend will maintain quite a long period

Examples:

• On Feb-6-2006, Shanghai A index closed at 1349 when MA 50 crossed MA250 s (golden cross), the index accumulated a gain of 360% reaching 6429
• On 1-Jun-2009, the golden cross appeared in Shanghai A and Taiwan market indices (entering Bull Stage 2) while other markets (US, UK, and Asia) still await in Stage 1. On 16-Jun-2009, the golden cross appeared in S'pore STI index, hence also entered Bull Stage 2; around mid-Sep 2009, MA250 started moving up, technically entering Bull Stage 3.
  

(Source: RBC-IS(Asia), 01-06-2009)