1. 1980 - 1989
2. 1990 - 1999
3. 2000 - 2009
From the above findings, we learned:
- except the first chart, first few years are consolidation years whereby prices are lower compared to the later years.
- prices tend to double from the year 0 to the peak. In the 80's KLCI started with 200 and reached a peak at almost 500 in 1987; In the 90's KLCI started with 600 and ended up at 1200 in 1997; Except in 2000, KLCI started with 1000 and reached a peak at 1400, but if you were to count from the low of 600 in 2001, it was more than double.
- In the 10 year period, there are phases of consolidation whereby prices move within a tight range before a breakout either to the upside or the downside.
- The crash is usually steeper and the duration is shorter than the bull trend.