major turn

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Major Turn

A change in a security's medium or long term prospects. A major turn may occur when a bull market is about to become a bear market or vice versa.

major turn

A significant change in an intermediate- or long-term trend. For example, an analyst may look for a major turn in stock prices following an extended bull market.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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"While identifying major turns in the economy is always difficult, I am convinced that we saw the beginnings of an improvement in the aluminum industry market condition," Kerr said of Imco's third quarter performance.

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