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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	5/3/2001 4:15:14 PM
From: velociraptor_	Read Replies (2) of 209892

Here's something interesting.... Go to the following site and take a look at the very first chart on the page. arts.unimelb.edu.au Anyone who can deny the uncanny resemblance of that chart and the Nasdaq today is blind. Notice that in the beginning of 1931, the DOW hit a bottom near 150 and then proceeded to rally 30% to 200. Sound familiar? Now look where the DOW eventually ended up after hitting 200. Nodoubt they also thought things are finally back on track after seeing a 30% gain, only to be highly disappointed in the following months. Is this where I think we are headed? I honestly don't know, but it's just a perspective to keep in mind.

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