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Kent Peacock [CONTRACTOR] wrote:
> > The 1921 - 1929 bull went from a closing low of 63.90 to a closing
> high
> > of 381.17. This is an advance of 495%.
> 381.17 / 63.90 = 5.965
>
> > If we multiply the 1987 crash low (on a close basis) by 4.95, what
> do we
> > get?
> > 1738.74 x 4.95 = 8607
>
> Why would you do that? To get the same ratios it should be:
> 1738.74 x 5.965 = 10372.
>
> Kent
You're right. I forgot to add in the low:
8607 + 1738 = 10345
1738 x 7.21 = 12,531 + 1738 = 14,269
Chris
Chris
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