....unless of course.....you would prefer 1997..
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1996-06-01&en=1997-12-31&i=p75149075036&a=109878307&r=4546.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=8&dy=13&i=p64549672629&a=109189416&r=8130.png
1987!! 1987!!
Started by
eminimee
, Aug 16 2007 07:48 AM
5 replies to this topic
#1
Posted 16 August 2007 - 07:48 AM
#2
Posted 16 August 2007 - 07:51 AM
1929 is closer to actual recover time.
mss
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#3
Posted 16 August 2007 - 07:56 AM
Tea,
Interesting. Everyone talks about 1998, but not 1997. Although i would compare it with July-Aug 1997 period, which was when the asian currency crises occured.
#4
Posted 16 August 2007 - 08:02 AM
I notice that in 1997 we didn't go below the 200 day average. In 2007 we have.
IT
#5
Posted 16 August 2007 - 08:54 AM
I think the low of this decline will surprise most of us
#6
Posted 16 August 2007 - 09:20 AM
Teaparty, Look at the value line geometric it has a good monthly channel with support around 435-38... it is currently about 445 so strong support is almost there. Valueline Geometric is supposed to show what the average stock is doing if I remember correctly. Maybe you could post a chart.
Teaparty, Look at the value line geometric it has a good monthly channel with support around 435-38... it is currently about 445 so strong support is almost there. Valueline Geometric is supposed to show what the average stock is doing if I remember correctly. Maybe you could post a chart. xvg
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"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/