What happens the year after a new closing high on the S&P if there has not been a record high close for at least a year?
Since 1950 there have only been 11 examples.
Despite what many will say when S&P closes above 1527, it looks safe to get back into the water.
Date -----Close -- next year
2/14/95 -482.55 +31.58%
7/26/89 -338.05 +6.72%
1/21/85 -175.23 +18.33%
11/3/82 -142.87 +17.42%
7/17/80 -121.44 +8.90%
3/6/72 -108.77 +5.66%
5/4/67 -94.32 +5.18%
9/3/63 -72.66 +12.69%
1/27/61 -61.24 +11.74%
9/24/58 -49.78 +13.60%
3/11/54 -26.69 +31.62%
http://www.dailyspec...rdpress/?p=1451
Study of Drought of New Highs
Started by
stocks
, May 03 2007 11:42 PM
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#1
stocks
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- Traders-Talk User
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Posted 03 May 2007 - 11:42 PM
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Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
