The monthly charts below tells me that we have entered a bear market. Main reason is that FTSE has got a downside cross which is impossible to to get above. FTSE has shown the way for big trend changes the last 32 years. They will all go together in the new longterm down trend. However rallien can still occur but not above the falling blue 8 month MA. How fast and how long will it take to start the real drops? I would say up to six months from now.