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

To: Fiscally Conservative who wrote (13397)	12/4/2012 10:16:41 PM
From: John Pitera	Respond to of 33421

Hi Entitlement, I guess we could set up our contest of SPX lows right on this thread or should I create an an ancillary thread to keep track of our crash lows? I'm debating if we retrace the pattern from 1964-66 to 1982 where their were several October bombing collapses in 1978 and 1979 and yet they did not reach the price lows of 1974 due to the inflation that was essentially overheating...... and thus keeping price levels hgher especially for commoditiy and energy stocks.. I'll have to see if I can get one of Peter Lee's charts that shows the two trendline lows that track the SPX over the course of the past century. John