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(chart http://kevinbantz.com/v-web/b2/images/indu_low.gif)
Here I try to show that present 'action" resembles 1990's, and hence
expect
dow 9600ish...
But my gut tells me to expect the worst, and the worst is 1937's action,
When the Dow's reaction to the reaction of the 1929 "crash" produced a
-34% decline.
Kevin Bantz, reminding you to breathe deep....
http://kevinbantz.com/
On Apr 17, 2005, at 11:38 AM, Ron Jaenisch wrote:
> Kevin
> English please
> what are you seeing here?
>
> Regards
> Ron Jaenisch
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Attachment:
Picture 1.pdf
Description: Adobe PDF document
http://stockcharts.com/charts/historical/djia1900.html
Ron,
What I was pointing out was the reaction to the 1929 crash
or the bounce, after the bounce there was a correction to it
starting in March 1937 which produced a 34% decline. If last year's low
is taken out, then I expect to see SPX near 800.
Bantz
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