I'm re-sending the
previously sent chart to see how much clearer it is.
To:
realtraders@yahoogroups.comFrom:
bobskc@xxxxxxxxxnetDate:
Thu, 28 May 2009 01:43:40 -0400
Subject: Re: [RT] Nasdaq - DJ 1928 - Nikkei
1989 Comparison Chart
Ok, I set the site to allow attachments to be displayed in the body of
the mail.
Bob
On Wed, May 27, 2009 at 10:24 PM, Clyde Lee(swb)
<clydelee@xxxxxxxnet>
wrote:
I do not know what is wrong with
the moderator.
It is a simple matter to change the
parameters of the
list to allow attachments to emails
rather than have
a poor example of them stored on
site.
Please Bob, wake up and fix this
problem.
Clyde Lee
-----
Original Message -----
Sent:
Wednesday, May 27, 2009 9:17 PM
Subject:
[RT] Nasdaq - DJ 1928 - Nikkei 1989 Comparison Chart [1 Attachment]
Attached is a chart comparing three averages - the
DJ-30 of 1928, the Nikkei of 1989 and the NASDAQ of today (1999 to
present). I converted the data of all 3 averages into percentages of
their previous all-time highs. While there is no longer much
correlation as to market cycles, there is one glaring conclusion one may
draw from the comparison - that this market will probably take a longer
time to recover than most people can imagine.
Which path will the
market take? That of the 1929 market, where the lows happened early
in the cycle or that of Japan where a new lower low is ahead of
us.
An interesting sidelight to the chart, each of the 3 markets
hit 50% of their previous all-time high 1877 trading days later.
