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Nasdaq 40% rise tend to lead to 4 month consolidations
Posted By Barry Ritholtz On October 29, 2003 @ 11:28 am In Finance | Comments Disabled
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)
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).
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2003/10/nasdaq-40-rise-tend-to-lead-to-4-month-consolidations/
URLs in this post:
 RealMoney.com: http://www.thestreet.com/p/_rms/rmoney/techforumrm/10122638.html
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