ecramer

S & P 500 Long term trend line! Log Chart, 400% Moves!

Short
SPCFD:SPX   S&P 500 Index
If you look back at the history of the S & P 500 you can see that over time the bull markets have had the following moves.
1929 Peak it moved exactly 400% from that rally!
1990 - 2000 it moved exactly 423% from that rally!
Now we are right at 400% move!
I'm counting the moves that were made in between recessions.
When a recession hits the clock starts over again.
This trend line I drew has some significance if you look at the chart closely you can see from the past the kind of moves it had when it moved through that line.
Please Note: 1987, 1973 went a little over that line then they crashed.
Right now we are a hair over that line.
All thoughts and wisdom would be appreciated.
Thank You

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