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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (10307)10/10/2002 3:15:17 PM
From: J D B  Read Replies (2) | Respond to of 30712
 
7272 is 38% retrace of the entire bull from the 1932 low

does piercing that count for anything????



To: Jeff who wrote (10307)10/10/2002 8:08:12 PM
From: Cola Can  Respond to of 30712
 
i thought i saw somewhere that the dow long term trendline from 1932 was now at 7272 i think it was....

Well, using a yearly chart, starting at 1932 and drawing
the trendline across the bottom in 1982, the two lowest
points for the trendline, that trendline is around 2500.
If you look at the yearly for the DOW on the arithmetic
scale, you'll see one h*ll of a bubble.


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