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Strategies & Market Trends : Value of Perfect Information

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From: Q811/25/2008 10:07:46 PM
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Gleaned from the internet:

Retracements, temporary price reversals that take place within a larger trend, are useful to watch since bear markets typically shed 73% of the points gained in the prior bull market, the strategist said. In the Great Depression, however, the Dow Jones Industrial Average shed 107% of the gains in the prior nine-year bull market.

Applying that figure to today’s market implies 720 for the S&P 500
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