opening and closing ceremonies

the olympics

start with a opening ceremony

and

end with a closing ceremony.



but bull runs

and bear runs

don't start or end

with any such ceremonies.



in the words of jesse livermore



"market does not culminate

in one grand blaze of glory.

neither does it end

with a sudden reversal of form.

a market can and does often cease to be a bull market

long before prices generally begin to break."



why does this happen?



this particularly suits the oeprators.

any sharp start

or end

would rob them of the opportunity

to distribute and accumulate.