& TheDowTheory.com
| & TheDowTheory.com |
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| Dow Jones Newswires MARKET TALK: This Bear Has Worn Out Its Welcome 10/01/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.) Edited by Thomas Granahan Of DOW JONES NEWSWIRES 9:01 (Dow Jones) Over the past 100 years, the average bear market has lasted 18.2 months and declined an average of 34.1%, says Jack Schannep, of TheDowTheory.com. The current bear has been around for 19.1 months (20.2 months for the DJIA and 17.9 months for the S&P 500) and the average decline for (the) two is 33.3% (29.7% for Dow and 36.8% for S&P 500). Look for recent bounce to end with successful test of latest lows, followed by likely up move. (TG) |
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