Steve, here's another way to reach Jack's target: Jeff Cooper posted this today: following the 1930 analog, April high for the year, swoon into early May, rally then swoon into late June/early July, final yearly peak on Sept 10...sound familiar? The Dow lost 1/3 from Sept until mid Dec which if we factor that towards today's price yields 7009 so right there. Charles ps remember history doesn't repeat but rhyme to quote Twain
Steve,
ReplyDeletehere's another way to reach Jack's target: Jeff Cooper posted this today: following the 1930 analog, April high for the year, swoon into early May, rally then swoon into late June/early July, final yearly peak on Sept 10...sound familiar? The Dow lost 1/3 from Sept until mid Dec which if we factor that towards today's price yields 7009 so right there.
Charles
ps remember history doesn't repeat but rhyme to quote Twain
Except back then people couldn't afford to put shoes on their feet. Today, it simply means delaying the purchase of that 52" plasma TV.
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