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There is no escaping the fact that as of right now, until such time as it is broken, what we have is a double top in the XJO and a rather massive one at that with the peaks almost 12 years apart and a low in between that's 55% down from the peak.Whether or not that turns out to have any significance is harder to guess. Eg someone could have said the same thing comparing 1994 with 1987 but the market then went up more than 200%, not including dividends, over the next 13 years.
There is no escaping the fact that as of right now, until such time as it is broken, what we have is a double top in the XJO and a rather massive one at that with the peaks almost 12 years apart and a low in between that's 55% down from the peak.
Whether or not that turns out to have any significance is harder to guess. Eg someone could have said the same thing comparing 1994 with 1987 but the market then went up more than 200%, not including dividends, over the next 13 years.
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