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Post by dg on Nov 26, 2008 17:08:24 GMT -5
All of a sudden the markets are shrugging off bad economic news and starting to buy. Could this be the ..... (gasp) bottom?
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Post by blyghme on Nov 29, 2008 15:34:15 GMT -5
That is kind of what I am thinking - The S&P 500 has dipped into the mid 800 three times since 1997 when it first crossed 800 . It looks a little like it tends to double bottom in the mid 800's. Crossed June 1997 and tested Sept 98, tested Sept 2002 and tested Feb 2003,
If history is a guide - the retest will come in Feb or March - but given the volatility who knows?
Blygh
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Post by blyghme on Nov 29, 2008 17:17:06 GMT -5
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