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Sixth Pullback Since The March 9th Low
After the declines of the last three days, the S&P 500 has entered its sixth pullback of at least 3% since the March 9th lows. Below we highlight each of the six pullbacks within the overall uptrend. As shown, the biggest decline came in late March when the S&P 500 fell 5.44% over a few days. The last one came from May 8th through May 15th with a decline of 4.99%. We're currently down 4.37% since the recent peak in the index, so we still have another percent or so to go before this one becomes the biggest correction of the new bull market. With many investors already believing that the gains are finished for good, this chart puts things into perspective. The last couple of days have been negative, but they've probably felt more negative since we've had it so good lately. However, as of now, it's still nothing but a normal pullback within an uptrend.
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狗仔卡
发表于 2009-6-17 09:01 PM
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