Bloomberg would have been better off saying that the 84 cal days from the July lows inspired a Wall St. rally. This was the same distance in time from the March to July lows and the DJIA retraced to the 61.8 level of the recent fall, but then selling pressure kicked in as the smart money realized it was 78.6 weeks from the May '08 highs.
much more pausible scenario than some fundamental nonsense.lol
the dust settles, page-129
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |