In 2001 PM sector turn bullish after 20years of bear market.
How did CDNX behaved then compared to today after 4 years of bear trend???

Answer is in the “corrections”.
Between 2002 and 2007 top CDNX had two major corrections 28% before topping in 2007.

Since Jan 2016 CDNX has not corrected as near as the past correction. This current correction may be the first one and about to end soon????

There were four rises during that time ranging from 45% TO 88%.

cdnx-daily-2002-to-2007