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John Lounsbury is a
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Thanks for the excellent data and discussion. I have (in another comment) indicated that after DJIA support in the 7100-7300 area based on the 10/9/2002 (7286.77) and 10/27/1997 (7161.55) lows, the next support level would be at 2365 (10/11/1990 low). Looking at your S&P 500 chart, it is clear that there is intermediate support at 1994 levels, even though there are no secondary market bottoms during that time (for the DJIA).
Nov 14 12:21 pm
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All Comments by John Lounsbury »Stock Market: Is the Rally 'Real?' [View article]
Using your data, I must acknowledge support in the 3600 to 3800 region for the Dow, the 1994 trading range.