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Feb 21st, 2010: Road to Recovery Chart

Posted by pugsma on February 21, 2010

3:50 pm EST:  Take a look at the dshort.com chart below, where I have added Primary Wave 1 (P1) labels for the first leg of each new cycle bull market rebound for 1974, 2002 and now 2009,.  Notice how the 1074-76 and 2002-2004 recoveries are very similar.  And notice how the current 2009-2010 recovery is following the same pattern.  Just shows how silly it is for the perma-bears to think that we are headed for the 1929 Great Depression scenario (shown in grey on the same chart).

SP-500 Road to Recovery Chart (2-19-2010):

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