"There is no sustained move upward.
Economists say that claims above that level are an indication of a sustained move to higher unemployment.
But this is more a reflection of global liquidity than of any sustained move by Chinese investors.
Mr. Romney's campaign is working intensively to stave off the possibility, especially here in Illinois in preparation for Tuesday's primary, which it hopes to win decisively as the start of a sustained move to shut down his rivals.
Mr Jacks's data suggest the typical supercycle, defined as a sustained move in the price of a commodity of at least 20% away from trend, lasts for no more than 40 years from beginning to end.
If we are to see a sustained move to the upside, we will need to be led by financials and miners, but we may have to tread water for the foreseeable future".
"I think before one can say that the markets are ready to make a sustained move upward, you have to look at the negative side," he said, pointing to high prices for oil and food.
The stock market, which Mr. Greenspan had identified as the source of much of the excess demand in the economy, remains volatile, and a sustained move up or down would no doubt heavily influence Fed policy.
Wave In Elliott wave theory, a sustained move by a market's price in one direction as determined by the reversal points that initiated and terminated it.
50% Principle (one-half retracement): After a sustained move in price, this principle holds that a normal correction can be expected to retrace one-half to two-thirds of the advance (or decline) before resuming the main trend.
No one can predict, of course, whether the market's next sustained move is up or down.
