Boyd Stone
October 8, 2002, 10:24 AM
Hi,
The picture below shows the inflation-adjusted DJIA since 1800. With all due respect to Don, I can't see a 70-year cyle. What I do see is that for the last 200 years, every time the price action has come out of the top of the channel and then gone back in, it's at least touched the center line before going back up again.
Hope this was useful or interesting.
Best,
- Boyd
http://images.andale.com/f2/105/120/7556851/1034086436846_DJ1800.gif
The picture below shows the inflation-adjusted DJIA since 1800. With all due respect to Don, I can't see a 70-year cyle. What I do see is that for the last 200 years, every time the price action has come out of the top of the channel and then gone back in, it's at least touched the center line before going back up again.
Hope this was useful or interesting.
Best,
- Boyd
http://images.andale.com/f2/105/120/7556851/1034086436846_DJ1800.gif
