I think all base counts were reset on Aug. 8, 2011 when the NYSE dropped 21% from its high of 8728.25 on 5/6/2011.

Does anyone agree?

Jerry

Jerry,  I am just one year into IBD,  but I believe you are correct.

     No.  You can't just pick one index that fell below 20% and declare a bear market that resets all base counts.  To reset the base counts for all stocks, the US Stock Market must be in a bear market.  Generally, it is obvious that we are in a bear market - multiple indexes are down and usually by more than just 21%.  I would like to see the indexes that lead the bull market be the ones that lead the bear market - that would be the NASDAQ. 

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     Do to market complexities, market followers will use different definitions of a bear market.  So there is some disagreement over when the bear market starts.  About the only thing they do agree upon is the 20% value.  The disagreement comes into which indexes, how many days from the start of the downtrend, and even the number of days spent below the 20% value.  But if it is deep enough it becomes obvious and everbody agrees.  Personally, I don't think we have hit that point yet.  But, you can beleive whatever you want, I will not disagree with you.

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     The easiest way is to wait for IBD to announce it in the Big Picture. 

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Robert

Robert,

  I'm not sure if you will ever see this but I am responding to a comment you made re: Scott O'Neil's blog post dated 9/23/11 discussing the breakdown of the last attempted rally and uptrend.  You mentioned an interview with WON re: base resets from 2007.  How do I find this interview?  Thnx.  Brad

That wasn't my post.  But you can find those interviews on: http://www.tfnn.com/ibd.php .

Brad ..That was my post any other questions? I saw your your post re contacting others on MS--reply there