ES Journal Archive (2009 - 2010)

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Quote from opt789:

We need to get to about 830 (834 cash) without a serious pullback for this to be the biggest % bear market rally in the last 20 years. I previously posted that the last three rallies recently were 24%, 19%, and 21%. There were 4 rallies in the last bear market of 21.7%, 24.6%, 24.4%, and 24.2%. So 834 on cash would take us over the yet unseen 25% rally.

Your number is interesting. I've not realized that this rally could be the biggest % bear market rally in the last 20 years.

Judged by the price action by both multiday and intraday, I would say this rally still has quite room to go. I see no reasons for the rally to stop at 820. I'd be very surprized that a new 20-year history is not made.
 
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