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Strategies & Market Trends : Bear!
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To: Les H who wrote (52)5/4/1998 1:27:00 PM
From: dpl   of 271
 
>As I recall from programs, the economy had already been in a recession for two
quarters when the market crashed. The market had topped several months prior
(the old Dow theory: Dow and Transports need to reconfirm highs within two
months.) to the crash.<

The high in the economy (industrial production) was july 1929.The top was Sep 3.
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