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


To: nspolar who wrote (7933)6/8/2007 9:51:19 AM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
I have a 10 year chart of the Nasdaq that I look at from time to time, reassuring me that the index has the potential of bumping it's head against long-term resistance at 3400:

bigcharts.marketwatch.com

And that Cup & Handle formation we're emerging from indicates it could be by next spring.

What say you?

Hawk



To: nspolar who wrote (7933)6/8/2007 10:32:53 AM
From: nspolar  Respond to of 33421
 
'Sharelynx has some interesting DOW charts. 1929 happened about 70 years after the civil war. WWII ended a bit over 60 years ago.'

Actually I was off.

'29 happened ~ 65 years after the civil war.

We are now about 61 years after the end of WWII.

Is there some relationship between the two events and stock market?

Both were major world events. Following the civil war The West was settled and there was unbelievable expansion across the US. There is a lot of global economic expansion going on today, plus a few minor skirmishes here and there.