Sep

17

The red line on the attached plots instances when the DJIA closed within 20% of 1000 (800<X<1200). When +/-20% of 1000, the red line is horizontal with value =1. When not in-range, red = 0. Vertical red lines are transition points into our out of +/-20% of 1000. The blue line depicts the same pattern with +/-20% of 10000. Also plotted is log DOW.

Note that the 1K dance occurred in the "range bound" period of 1964-1985. The current 10K dance started in 1997 and frugs along to this day.


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