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MARKET VIEWS .TV INTERVIEW CHART PAGE |
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The following charts are for reference to the interview of George Slezak by Ike Iossif of Market Views .TV on July 30, 2010. BOTTOM LINE? STOCK MARKET COMMENT 7/30/10 My big picture conclusion is to ask the question if the secular bear market since year 2000 might have ended with the March 2009 low? Bonds? If the secular stock market bear is over, we will see more normal rates soon. Gold? If the secular stock market bear is over, gold will settle into a new trading range for perhaps the next five years or longer. (ie 800 to 1,200?). ---------------- |
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STOCK MARKET: BIG PICTURE UPDATE I currently understand that many market analysts believe we have another bear market decline coming in what they believe is a continuing secular bear market. I also currently understand that many economists believe the period of economic decline is behind us and we have the potential for an extended period of economic growth. I see the POTENTIAL for BOTH ARGUMENTS and want to offer the caution that the next six months should be viewed with an open mind. Consider that either may develop and be willing to flow with the market. My question in the following chart 1 and chart 2 is "how long does a secular bear market have to last?" Was the 1966 to 1982 sixteen year secular bear market really 1966 to 1974, an eight year bear market? CHART 1
The following comparison of the 1966 to 1982 secular bear period to the 1929 to 1942 secular bear. My question is again how long to secular bears have to last? CHART 2
The following chart shows the comparison to the 2003 market low and suggests we might just consolidate for another year in the range of say 10,000 to 12,000 on the Dow. CHART 3
Good luck and good trading! George
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George Slezak publishes the web sites www.commitmentsoftraders.com (shortcut www.cot1.com ) and www.stockindextiming.com (shortcut www.sit1.com )and www.commodityindextiming.com (shortcut www.cit1.com ) for a combined monthly subscription of $50 per month.
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