Monday, April 16, 2007

Where Do You Draw The Line?

This chart was posted over at Shenandoah Capital, and is labeled as Chart Evidence of the "Secular Bear Market"

Maybe it is just me, but I like the chart a lot better with my blue lines added. In fact, the blue lines show in 1995 the Dow broke out to inflation adjusted 65-year highs, then completed a successful test of that pivot point in 2002.

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