Is it just a correction or a new bear market ?

Bursa Industrial Index - Wave II correction

Dow - Wave II correction

Nasdaq - Wave C Bear (Based on Indicator)

S&P - Wave C Bear (Based on Indicator)

Nasdaq - Wave (IV) Correction (Based on indicator)

S&P - Wave (IV) Correction (Based on Indicator)

I believe there is no definite answer. Opinion will be split 50-50, that is why there are buyers and sellers everyday. For every transaction you need a buyer and a seller to close the deal. But whatever it is, I will be reducing my stocks holding gradually. Stocks with bearish looking pattern will have to go first. At this stage there is still no sign that I have to run for my life.