nicleeson, the 1987 trend was a minor growth cycle inside the major growth cycle.
If the take the high in 1966 and the low in 1982... using weeks as the time factor, the 1987 high was exactly this figure times by the sqaure root of 5.
I think the market of error was only 0.13% or 5pts or somthing.
I just did, exactly the same thing on the XJO
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Last
8,803.2 |
Change
58.000(0.66%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,745.2 | 8,821.0 | 8,745.2 |
| XJO (ASX) Chart |