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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (4409)	8/26/2001 10:50:42 PM
From: John Pitera	Respond to of 33421

Hi Chip, a very good article, one thing to remember is that even this concept of treading water can give you a market that can go up 60 to 100% a few times and down 33% to 50% a few times, This happened several times with the DJIA in the 1960's and 1970's. After reaching DJIA 1000 in 1966, we saw bear markets into 1968, and a rebound a bigger bear market into The Spring of 1970, a 40% rally into Jan of 1973 and then almost a 50% decline into Oct and Dec of 1974. Then the DJIA went up 80% into 1976, and Oct Massacre in 1978, a move back above 1000 in 1981 and a decline into Aug 1982. then Nikkei average in the 1990's has also had several very large trading rallies after bottoming in the between 12,000 and 16,000 in 1992, 1995, 1998, 2000 etc. Now the thing is that the overall rate of return on investment is very lousy. Thanks for the post. John