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)

40_rise_leads_to4_month_consolidation.gif
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).

Category: Finance

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