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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (30265)	2/14/2002 8:05:59 PM
From: velociraptor_	Read Replies (1) \| Respond to of 99280

The market appeared to be range bound for 16 years, but the latter half of the prior wave up is added as well as the first part of the bull run which went from 1974 to 1982. 1974 was the low of that bear and if you look at the charts, it rose into 1976 in an impulsive wave structure following that which started the bull. The drop from 1976 into 1982 corrected that first wave, but it never came close to the 1974 bottom, only correcting roughly 62% of the upmove. Also, slight error on my part...1966 was the peak of the prior bull run not 1968, so from 1966 to 1974 was 8 years of a bear market.