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Strategies & Market Trends : Longer-Term Market Trends
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To: AllansAlias who wrote (1968)11/8/2008 11:15:46 AM
From: Perspective   of 3209
 
Here are six of the 1973 DJIA components through that bear - haven't dug up the rest yet. A few things seem to surface to me: the move into the final low was pretty uniform. Some fell early, some fell late, but they all bottomed, or were near their bottom, at the ultimate low. Of these, there were no holdouts.

Another item: the 1974 low, despite how far down it was, was actually only really a probe of the 1970 low. We are in *totally* different territory here, with the bubble bursting. A 1974-like roadmap would have us break the 2002 lows, and retest from below, before building a lasting bottom for this cycle of the bear.



`BC
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