Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (61983)	4/14/2005 1:13:51 PM
From: AC Flyer	Read Replies (2) of 74559

Snow: The chart you linked to shows, imho, that the primary trend is all in the interpretation. To be specific, the opinion of the person who created the chart is that we have experienced a 4 year consolidation in the DOW from 2000. I see something different - a primary bull trend that continues uninterrupted from 1982 through today with an above-trend excursion from 1997 through 2002 (driven by the internet mania) and a small below-trend excursion in 2003. I maintain that one should project the primary trend line through ~ 2010 which would take the DOW to 25,000 - 30,000, at which approximate time the primary trend will change due to the start of a long-term secular decline in final demand in the US economy. So there ya go!

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