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  • Revisiting the Dow's Late 1930s Rally [View article]
    The major technical support levels for the DJIA are 7287(10/9/2002 low), 7161 (10/27/1997 low), 3200 (bottom of the1994 trading range) and 2365 (10/11/1990 bottom).


    On Nov 14 08:21 AM monday1929 wrote:

    > All of the problems you list were there at the 14,000 peak when most
    > were bullish. I am as bearish as they come, and called this crash,
    > but markets will have explosive rallies on their path to the low.
    > This low could easily be in the 1,000-4000 area in the Dow. History
    > supports a 60-100% rally at some point, and numerous 10-30% rallys
    > will occur. One thing these rallys assure is that most investors
    > stay long throughout the entire Bear market. The biggest , sharpest
    > rallys occur in bear markets, Bull markets have sharp sell-offs to
    > shake off most investors.
    Nov 14 14:11 pm |Rating: +1 0
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