Continuing on with this comparison between 1938 and now...
The '38 rally was a 61.33% rise from the low on 31 March to the high 10 November.
A corresponding rise now would give a price of 1076 for the S&P500.
For the NASDAQ the target would be 2045 and that was hit on 28 August (the previous high day) just before the most recent pullback.
For the Dow the target would be 10,390.
For the NASDAQ and the Dow, the low was on 9 March 09, not 6 March 09.
Yesterday I calculate the rally at 223 days from 31 March '38 to 9 November '38, and that was right only for price at close. The following day, 10 November '38, the DJIA went higher although closed lower.
So from high to low was actually 224 days not 223 days. I didn't even get it right yesterday on the 3rd attempt but should have it sorted now.
224 days from 6 March is 16 October - a Sunday.
Splitting hairs?
Always.
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