The last 2 weeks saw the indexes challenge 5 year trendlines as established from the lows of 2002. It is interesting that the action of the last few months looks very similar to the action during the 2000-2002 Bear Market. Actually, as the Nasdaq is still well beneath its all-time highs, it has been in a [...]
From the Wall Street Journal, January 1st, 1930.
And below, the Daily Journal, October 25, 1929.
To see the above image large enough to actually read it, go HERE.
With all the talk of financials having bottomed (what about the other 80% of the S&P?), I think it is prudent to continue examining how market tops look. There has also been many mentions that this correction is like 1990, so lets examine the S&P 500’s 1990 top.
Unfortunately volume data is not provided, which makes it [...]
This chart of the 1996 Nasdaq correction looks very similar to previous corrections.
From its intraday high in May to its intraday low in July, the market moved down ~20%.
Judging from reader comments, I need an operational definition of “leg down.” While I’ve not settled on one yet, I’m thinking that any period where the market [...]
