Table 1 shows the years of each bull-bear cycle, the length of the bull and bear phase, and depth of the following bear market. Also, you can see the length of each cycle; from one bear low to the next. Bull markets ranged from 16-months to 61-months. Bear markets ranged from just 3-months to as long as 38 months. The average cyclical length was around 54-months. What is very obvious is that long bull markets tended to be followed by short and sharp bear markets (1957-62 and 1982-87) and short bulls were followed by long bears (1974-78 and 1998-2002). So this historical record suggests; the current bull market, now 47 months old, is getting quite long. Therefore, it is likely that 2013 will see a bull market top, followed by a relatively short, likely sharp, bear market.
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