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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.100.0%Jan 23 4:00 PM EST

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dealmakr
To: John Pitera who wrote (50797)4/13/2014 10:19:40 PM
From: Return to Sender1 Recommendation  Read Replies (1) of 69967
 
Oh dear me John. I personally believe that a lot of events are simply used as excuses for what simply has to happen. Since 1929 there have been 14 bear markets. On average one every 4 1/2 years. These periods of fear are always preceded enough gains in the market that it simply must revert to the mean.

Of course I actually believe that somewhere along the line the S&P 500 must again assume a single digit P/E ratio. At any rate the market is due for a pullback. The last high two Fridays ago had less than 6% new highs on the NYSE. An excellent indicator of poor participation.





How are getting those longer term charts? Mine only allow me to go up to 20 years.

Thanks, RtS
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