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Want to thank you and the other Real Traders that provided input on my part
of this thread(too many to answer). I have only a monthly chart of the Dow
back in '82 and it's hard to read, so I appreciate the specific information
on the behavior of the market in '82.
Thanks,
Brent
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> From: bruce guenard <sjguenard@xxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxx; brente@xxxxxxxxxxxx
> Subject: Re: MKT - DOW Top (1982 MKT Bottom
> Date: Tuesday, July 14, 1998 4:02 PM
>
> >If the bull market
> >started in July of '82 an anniversary date comes in....
> >> From: Dennis L. Conn <dconn@xxxxxxxxx>
>
> Friends,
>
> 1982 Market bottoms
> DOW Industrials: DATE LOW Close
>
> 8 9 82 770.00 780.30
> 8 12 82 773.60 776.90
>
> S&P 500 8 9 82 101.44 103.08
> 8 12 82 101.80 102.42
> I had been a Reg. Rep. with a big wire house from early 1980. Everything
> in equities I had sold to my customers had turned to sh*t. A pitiful
> summer rally had fizzled on July 20, at DOW 833 after the failure of a
> Spring rally in May at 869. After the rally failure there were 15 down
> days, two up days and 785 "support" was broken on Aug. 6th. The March
> 1980 March 1982 trendline was broken again and Mexico was going
> belly-up. The brokers were not calling their clients on 8 12 98. It was
> a eery quiet summer afternoon.
>
> This year the 8th is on a Sunday and the 12th is on Wednesday.
>
> Hope this helps.
> Bruce
>
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