Ideally, the rally peak will occur about midway between the two lows.
FORBES: A Chart Formation the Pros Love
At 15339, the FTSE MIB is barely one third of the peak seen in 2007 and is up only about a fifth from the 2009 lows.
WSJ: Why Italy Looks Cheap
In comparison, the MSCI World index has doubled from its lows, in U.S. dollar terms, and today is about 15% below the 2007 peak.
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