11,908.50 was the DOW high in 2000, 7181.47 was October 2002
low, 14,279.96 was October high, 11,953.71 was January 2008
Low. The total 2002-2007 bull market rally was thus
7098.49, of which 2356.25 (high to low) were given back
by Friday, and some 400 points more today. Puts us into
0.38 retracement category for the entire 2002-2007 rally
(for the futures), and that's a whole lot to give back in just
2.5 months. We are back to where we were in 2000, even below
that. Of course, the spoos and the Nasdaq never exceeded 2000
peaks (Spoos did, marginally, but found some resistance there)
The dow does not seem to find support at 11,900, so far -g- |
