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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: paul richards who wrote (31233)	3/17/2001 10:57:08 AM
From: j g cordes	Read Replies (2) \| Respond to of 69808

Paul, that chart is image without content or context. As stock prices are a relative measure of wealth and opportunity there's no background scale to indicate if the illustrated averages are greater than or less than what they represent. It doesn't account for inflation, debt, interest rates, curriencies, or trade. For example here's a chart of the Dow from 1897 to 1997 adjusted to all periods being weighted in constant 1997 dollars.. cpcug.org Note how the early 20's, 30's and 80's for a long term investor were prime entry points. Extending this S&P500 55year trend channel is informative. You might want to print it and extend the lines to see where we need to drop to hit the top of the trend and where the bottom of trend would be: cpcug.org Jim