Friday, June 25, 2010
Chart of the day: Post-massive bear market rallies
Chart of the Day brings us this latest figure on "Post-Massive Bear Market Rallies".
In other words, they're plotting the extent and duration of some major index rallies that have occurred after a 50% or greater decline. Have a look at their chart description for more on the Dow and Nasdaq rallies which followed major market declines, and why this post-bear rally may be flattening out over the coming weeks and months.
What do you say: are we in for a downward move in the major US market averages or a sideways consolidation period? Or are you prepared for whatever comes our way?