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Saturday, February 21, 2009

S&P 500 Trendlines

This is from www.prophet.net javacharts. You can see that starting in the early 80s the trendline got much steeper than it had historically, and then in the early 90s it got crazy steep. We already broke through the 90s line, and if we go down through the 80s trendline, now at about 730, there's no stopping place until somewhere around 300. 

Yikes. Now THAT would be a correction

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