Is the stock market rally over?

So, the indices of the world are now in negative territory, with many falling below their
200-Day MA. Technically, this should be the end of the bull market, and the start of a new bear market. But not yet, I think.

Reasons are:

1. Sentiment indicators are very bearish (this is a bullish sign)
2. Political stabilisation in Europe could occur soon
3. Stocks tend to trend higher during a US Presidential election year
4. Stocks are still cheap (low PE and PB), and Chinese stocks are probably past their lowest point in October 2011

At this juncture, I am fully participating in the GSS (Great Stock Sale).

My positions:

Noble
NOL
Semb Mar
Wilmar
Yanlord

Will be adding more in the next few weeks.