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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST

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To: StormRider who wrote (83627)1/14/2003 9:31:24 PM
From: UnBelievable   of 99985
 
"The prominent forecast for the stock market in 2003 is that odds of a fourth consecutive year of negative losses are low. It has happened only once in over 100 years."

It would seem that the odds of a fourth down year are 50 -50 since in the year after the prior two 3 year down cycles one was up and one was down.

It seems ridiculous not to realize that the initial conditions of a fourth down year are the fact that it follows three down years.

Of course the probability of a fourth down year is infinitely higher than it was last year.
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