Playing Defense for 2003: A Tale of Two Markets

Today’s market has risen sharply in a brief span, and it is hovering above multiyear lows. ... Initial rallies from major low points in the Dow Jones Industrial Average and initial pullbacks from rally highs (measured in trading days); 1962 – Present. ... a decisive decline below the closing level of 11/11/02 would suggest a failure of the ... ................
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