I like to refer to this chart I used for an appearance on the Nightly Business Report way back in November 2002. It makes the case that no matter how nice the rally from 2009 has been, this is still a secular bear market.
Check this out:
This chart was created using BridgeStation and the Athena charting package. Anyone who knows these terms is as old as I am. Anyway, here is a chart from a recent report from Martin Pring (www.pring.com) that essentially says the same thing.
Maybe more than a correction is coming.
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