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Chart of the Week: Dow Industrials (Feb – Oct 2004)
Posted By Barry Ritholtz On October 26, 2004 @ 3:22 pm In Finance | Comments Disabled
The Dow continues to trade in its downwards channel. As the chart below shows, each cyclical top has been followed by a lower low. The key as to whether this pattern can be broken would be a higher low (in circle with “?”), possibly leading to a break of the upper downtrend line.
The sharp downward move has penetrated the lows of late September. The vertical blue lines indicate the very regular cyclicality of the tops. The ellipses are indicating the bottom of each cycle.
Who will the next president name to the key posts? 
CGES: OPEC pushing limits of oil production capacity 
New Voters’ Impact Debated 
China’s Golden Age 
How bin Laden got away 
The Birth of Supply-Side Liberalism 
Quote of the Day:
The test of success is not what you do when you are on top. Success is how high you bounce when you hit bottom.
-General George S. Patton 
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2004/10/chart-of-the-week-dow-industrials-feb-oct-2004/
URLs in this post:
 Image: http://bigpicture.typepad.com/photos/uncategorized/arms_dow_chart_october.jpg
 Who will the next president name to the key posts?: http://online.barrons.com/article/SB109849560040953675.html
 CGES: OPEC pushing limits of oil production capacity: http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_CATEGORY=GenIn&ARTICLE_ID=214235
 New Voters’ Impact Debated: http://www.latimes.com/news/politics/2004/la-na-newvoters24oct24,1,1246642,print.story?coll=la-home-headlines
 China’s Golden Age: http://www.321gold.com/editorials/moriarty/moriarty102504.html
 How bin Laden got away: http://www.csmonitor.com/2002/0304/p01s03-wosc.html
 The Birth of Supply-Side Liberalism: http://www.bopnews.com/archives/002089.html
 General George S. Patton: http://www.pattonhq.com/homeghq.html
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