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| That sort of long sustained rally is normal only during the last explosive climax to a mature bull market. |
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| So the rally that started this May is unusual. It is the first sustained uptrend since the market collapsed after the February 2000 Budget. |
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| The classic pattern in these circumstances is a strong rally lasting two to three months, driving prices up by 25-30 per cent, followed by a short sharp correction of say, 10-15 per cent as the early bulls book their first profits in years. |
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