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My latest Street.com column, "Does November 2004 Equal March 2003? " is up at RM. It expands upon earlier comments, November 2004 = March 2003?
Here are two graphics purporting to illustrate these parallels:
(doubleclick to expand the chart)
Nasdaq Weekly over 3 years
SPX Daily over 1 year
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Ultimately, I am far less Bullish about prospects deep into 2005/06. For now, after some digestion, I maintain an upwards bias
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