Well, it isn't pretty. If the 1929 "trend lines" somehow repeat in 2009-2010, the market has quite a bit more umph in it to the upside. Warning, today we are not on the gold standard, fiat currencies, plus micro-second response time to markets. So drawing exact parallels is dangerous. But it does give pause for me about when this market will roll over.
But NOTE: From a percent re-tracement, we have already exceeded the rebound in 1929-1930, 65% vs 52%. From this perspective we are over-due for a market retreat, so its anyone's guess.
|From WebSufinMurfs FinancialBlog2|