- The Big Picture - http://www.ritholtz.com/blog -

1966-1982 Trading Range

Posted By Barry Ritholtz On December 29, 2005 @ 7:41 am In Markets | Comments Disabled

Here’s the 1966-1982 trading range:

click for larger chart

19661982_range [1]

chart courtesy of Rydex Funds [2]


If we are in fact in a long, post-Bull trading range — see our 100-year Dow chart [3] — than this is year ~5 of what could be a 10-15 year secular Bear market. As the 1966-82 trading range above shows, we may be in for violent moves down and rapid blast offs.

The March to December 2003 cyclical move higher is very consistent with this trading environment.

I am placing us somewhere around late 1972 . . .

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/12/1966-1982-trading-range/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2005/12/19661982_range.jpg

[2] Rydex Funds: http://www.rydexfundsfp.com/pdf/ium_6pager.pdf

[3] 100-year Dow chart: http://bigpicture.typepad.com/comments/2005/12/100_year_bull_b.html

Copyright © 2008 The Big Picture. All rights reserved.