1929 crash great dep vs 2008 gfc myths busted, page-23

Andrew - Thanks for getting the brain back into gear.

Have you considered doing such analysis on the S&P. The reason I ask is that the 30 stocks that make up the Dow get changed over the years with the result that the weak are dropped and strong are added. The end result is that the 2007 high on the Dow is much higher than 2000 but on the S&P they are virtually the same. That then brings in a completely different Elliott Wave Count with the 2003 low being Major A and the 2007 high being Major B and what we are doing now is all part of a major C. In other words the bear market for the purpose of long term analysis actually started in 2000.