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Very interesting, but I am confused. The 5 year momentum peaked last
year but has still called evey major turn in this century??
>>> Donald Thompson <detomps@xxxxxxxxxxxxx> 11/01/97 09:41pm >>>
R.Griess wrote:
>
> Another way of measuring the demographic effect is to compare the
savers
> (40-49) to the spenders (25-34) using numbers provided by the
Census
> Bureau. The ratio of the first to the second overlaid on an inflation
> adjusted chart of the Dow fits very nicely. Either the actual ratio or the
> 5 year momentum of the ratio has called the major long term turns in the
> Dow this century. The actual ratio peaks 2003-2004 while the 5 year
> momentum peaked last year.
>
> BTW, a Bureau of Labor Statistics study suggests the peak savings
year as
> age 45.
>
> Ron Griess
Ron
That is a very cool statistic.. why bother with technical analysis??
What does that chart look like??
I guess that wraps it up... :) bear market until the millenium, rally
into October 2003...
Don
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