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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: Wally Mastroly who wrote (8194)3/15/1999 10:44:00 AM
From: Tommaso   of 99985
 
That chart shows, among other things, the problem with using a logarythmic scale. The 1974 decline looks like a blip, but in fact it took the Dow down about 40% and a lot of other stocks down much further. It was a major decline that scared a lot of people and cost lost of people a lot of money

Remembering that, I guess the gentle upslope of the later 1990s has to be seen as the maddest kind of frenzy.
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