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


To: Magnatizer who wrote (8556)3/20/1999 1:30:00 PM
From: umbro  Respond to of 99985
 
How Long Does the Bull Market Last?

The following table is excerpted from this week's Barron's article discussing Laslo Birinyi's opinion on the market. Laslo remains bullish. His methods are based primarily on analysis of the actual trading (tick) data. The article had the following anaylsis of market rallies and declines dating back to 1915. Birinyi equates current market conditions to leg up that ran from 1949 to 1961, and resumed
again in 1992. The full-text of the article (for wsj subscribers) is at:
interactive.wsj.com


Begin End Change Days
2/24/15 11/21/16 103.15 636
11/21/16 12/19/17 -40.13 393
12/19/17 11/3/19 81.38 684
11/3/19 8/24/21 -46.58 660
8/24/21 9/3/29 496.51 2,932
9/3/29 11/13/29 -47.87 71
11/13/29 4/17/30 48.00 155
4/17/30 12/16/30 -46.44 243
12/16/30 2/24/31 23.40 70
2/24/31 6/2/31 -37.38 98
6/2/31 7/3/31 27.58 31
7/3/31 10/5/31 -44.30 94
10/5/31 11/9/31 35.05 35
11/9/31 1/5/32 -39.00 57
1/5/32 3/8/32 24.62 63
3/8/32 7/8/32 -53.57 122
7/8/32 9/7/32 93.91 61
9/7/32 2/27/33 -37.25 173
2/27/33 7/18/33 116.65 141
7/18/33 10/19/33 -22.35 93
10/19/33 2/5/34 31.24 109
2/5/34 7/26/34 -22.78 171
7/26/34 3/10/37 127.34 958
3/10/37 3/31/38 -49.10 386
3/31/38 11/9/38 59.76 223
11/9/38 4/11/39 -21.72 153
4/11/39 9/12/39 26.00 154
9/12/39 6/10/40 -28.27 272
6/10/40 11/7/40 23.17 150
11/7/40 4/28/42 -32.54 537
4/28/42 5/29/46 128.69 1,492
5/29/46 6/13/49 -23.95 1,111
6/13/49 12/13/61 354.76 4,566
12/13/61 6/26/62 -27.10 195
6/26/62 2/9/66 85.74 1,324
2/9/66 10/7/66 -25.21 240
10/7/66 12/3/68 32.37 788
12/3/68 5/26/70 -35.94 539
5/26/70 1/11/73 66.63 961
1/11/73 12/6/74 -45.08 694
12/6/74 9/21/76 75.69 655
9/21/76 2/28/78 -26.87 525
2/28/78 4/27/81 37.99 1,154
4/27/81 8/12/82 -24.13 472
8/12/82 8/25/87 250.41 1,839
8/25/87 10/19/87 -36.14 55
10/19/87 7/16/90 72.56 1,001
7/16/90 10/11/90 -21.16 87
10/11/90 3/15/99 321.07 3,077

Number Average Change Average Days
Rallies: 25 109.75 930
Declines: 24 -34.79 310