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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (8194)	3/15/1999 10:44:00 AM
From: Tommaso	Respond to of 99985

That chart shows, among other things, the problem with using a logarythmic scale. The 1974 decline looks like a blip, but in fact it took the Dow down about 40% and a lot of other stocks down much further. It was a major decline that scared a lot of people and cost lost of people a lot of money Remembering that, I guess the gentle upslope of the later 1990s has to be seen as the maddest kind of frenzy.