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Strategies & Market Trends : John Pitera's Market Laboratory
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To: GROUND ZERO™ who wrote (179)2/25/2000 6:03:00 PM
From: Rarebird  Read Replies (2) of 33421
 
Hi GZ! Wouldn't a Dow close below the July 98 high of 9314 be a Bear Market signal? If you take the Dow high of 11,732 and the low of 7400 in October 98, and average them, it gives about 9550. I was under the impression that the average retracement in a Bull Cycle is approximately 50%.

How did you arrive at Dow 9200? At what point on the Dow and S@P do you say that the cycle has changed from Bullish to Bearish? If the Dow gets down to 9200, the Nasdaq may very well crash.
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