|
PureBytes Links
Trading Reference Links
|
In a message dated 98-09-10 20:00:11 EDT, you write:
<< Gary -
I do not have time to try to get the chart to transfer over to email,
but I played around a bit with the numbers. If you use 8% growth, prices
stayed above that line almost all the way from 1932 until 1974, then
stayed below it from 1970 until 1995. It tested back down to the line in
1942, 1949 and rose along it from about 1970 to 1974. (The dates are
approximate as I am eyeballing the chart.) Based on that idea, and given
demographics, etc, I would not expect the market to be ready to spend
any quality time below that line.
Steve >>
good morning
with low intrest rates .high productivity.still strong bull in dollar(if you
use weekly bars it did not break the trend line). and low raw material cost.
i can not see
mkt going under 6500
also if you do weekly bars in advance get were is its projection low??
happy trading
Ben
|