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Strategies & Market Trends : Lessons Learned

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To: Roads End who wrote (569)3/4/2001 11:50:48 PM
From: Don Green  Read Replies (3) of 923
 
Just a reminder to anyone interested..

In the last 18 years of this "Super" bull market, The Dow Jones has never fallen fallen below the intraday low of the prior year, including the 1987 crash. Prior to 1982 the longest time this chart has pointed upward was during the 1921-to-1929 Bull Market. Once it turned down that Bull Market was over. After the Yearly Chart turned down from the 1929 high it continued to point straight down all the way to the 1932 Bear Market bottom.
In 2000 the low for this year was 9571 intraday on October 18. If the Dow falls even one tick below the intraday low for last year, the Yearly Chart will turn down for the first time in the last 18 years, and the Greatest Bull of them all will be over.

Watch this closely

Regards

Don
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