Nasdaq 40% rise tend to lead to 4 month consolidations
Interesting chart study done by Gary B. Smith on RealMoney.com yesterday; This is consistent with my own expectations of the market starting to get a bit toppy:
10 Year Nasdaq Chart (Weekly)
Source: RealMoney.com
Of course, the caveat is that the prior 3 examples from the '90s were in the middle of an 18 year Bull market; The most recent move may be via a cyclical Bull run in the middle of a cyclical bear market.
I'm going to try and get a study I've been working on -- looking at the long Bull/Bear cycles over the past 100 years (should be up tomorrow).
Wednesday, October 29, 2003 | 11:28 AM | Permalink
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