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This Day in Financial History
1929 - William Peter Hamilton, editor of The Wall Street Journal and one of the leading advocates of the Dow Theory of technical analysis predicts the coming demise of the bull market in a lead editorial entitled "The Turn in the Tide." However since Hamilton had already predicted the death of the bull market in January 1927, June 1928, and July 1928 nobody listens. This time, if only by sheer luck, he turns out to be right as the stock market crashes just three days later.
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