Here are two graphics purporting to illustrate these parallels:
(doubleclick to expand the chart)
Nasdaq Weekly over 3 years
SPX Daily over 1 year
Ultimately, I am far less Bullish about prospects deep into 2005/06. For now, after some digestion, I maintain an upwards bias
If I haven’t made a pitch recently for Real Money, if you are a trader or active investor, a subscription is well worth the $229.95/year or $24.95 a month. [Advertising mode off]
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.