5 replies to this topic

[eminimee]

....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

[mss]

1929 is closer to actual recover time. mss

[NAV]

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.

[IndexTrader]

I notice that in 1997 we didn't go below the 200 day average. In 2007 we have. IT

[ken29]

I think the low of this decline will surprise most of us

[Russ]

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