The share market has two distinct phases, bull and bear. Within these phases patterns exist as the weight of buying and selling varies. The patterns range from correction, to rally and sideways.

A breakout of the pattern triggers the market to be redefined between bull and bear. Corrections in a bull market may be signalling a transition to a bear market. Similarly, a bear rally may be the commencement of a bull market.

Identifying the share market's phase has its vagaries but an understanding of the stage of the market cycle can be instructive in deciding:

• the extent to which you invest,
• the sectors that you invest into, and
• the risk profile of company’s you target.

Market Shares provides profiles of the momentum of each sector and technical analysis across a choice of periods.