In case you haven’t noticed, the market has moved off the nice trend line it was on the 2nd half of 2009 into what appears to be a sideways mode.
2004 Redux–into a negative trend line?
I’m continuing with the hypothesis that there are a lot of similarities to the 2003/2004 market that might help predict the future action of the market. Clearly volatility is higher now than the 2003/2004 period, and the transition from upward trend line to a sideways market has been scarier–but these are scary times. Looking back at 2004, the market went into a slightly declining …