Fred,
It is actually worse, since the first time the DOW crossed 1000 was in 1966, and it took almost 17 years to significantly surpass it.ggggggggg
>>>>>> How about the Dow 1000 level. 1000 was hit intra-day on a theoretical
intra-day basis on January 18, 1966 with a final high on February 9,
1966 just above 1000 at 1001.11, theoretical intra-day. The highest close in that period was 995.15. The Dow then declined 26% in eight months. It went up again towards the 1000 level in December 1968, but no move above, not even intra-day. The highs in December of '68 were 994.65 intra-day and 985.21 on a closing basis, then down 37% in 17 months. On November 14, 1972, the Dow saw its first close above the 1000 level, six and one half years after hitting it first time intra-day. The close was 1003.16, and it continued on for another 7-8 weeks with a high in that period occurring around eight weeks later at 1051.70 on a closing basis and 1067.20 on a theoretical intra-day basis, just above the 1000 level and then came the third largest Dow decline of the century, almost 50% down in December 1974, then up to 1000 once again in 1976, with a high close of 1,014.79 on September 21, 1976, again failing to decisively break above the 1000 level. It then declined 25% in March of 1978, then again back to the 1000 level
in 1980 with a reading of 1017 on November 20, 1980, then down again. Back again over 1000 in April of 1981, just above the 1000 level, then down 25% into August of 1982. Finally in late 1982, the Dow exceeded the 1000 level for real and has not looked back since then. It had taken the Dow almost 17 years from the first intra-day reading above the 1000 level to convincingly move above that level.
Message 8310676
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