Saturday, July 29, 2006
Chart #13 Utopia Project -- weekly
In the year and a half prior to Utopia project the S&P 500 was in a sharp upward trend -- gaining more than 40%, reaching a peak about 3 months prior to the project. It then experienced a 7% or so correction, from which is was recovering at the start of the Utopia project. During the project it took a 10% or so hit, then was constrained in a trading range through August 1984. During the week of August 3, it dramatically shot up 10% or so, recovering to pre-project levels.
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