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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (7865)	8/18/1999 12:55:00 PM
From: Investor2	Read Replies (1) \| Respond to of 15132

Technically, I was incorrect when I said, "If the market drops from here and slides into a bear market, the high would be S&P 500 close of ~1420 back in mid-July. That would have been the 'inflection point,' IMO." According to the strictest mathematical definition, the inflection point would actually occur prior to the top. The inflection point would be the point where the rate of increase in prices starts to slow down. (This is where the second derivative of the price function moves from a positive number, down through 0.)