Word: upwards
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...only would bring back the long lines at the gas pumps but would worsen the current economic downturn. Administration predictions show that a "cap" holding oil imports to 1 million bbl. a day would gouge as much as $25 billion out of the gross national product and add upward of 400,000 to the unemployment rolls within a year...
...buying shares again. At its close at 616 on the old year's final trading day last week, the battered Dow Jones industrial average was up 38 points from its 1974 low (578 in early December), and some forecasters were suggesting that the average could grope its way upward another 200 points or so over the next twelve months...
...THREE-STEP RULE. Around for about 30 years, this well-worn rule holds that any stock market move, large or small, up or down, happens in three stages. The Dow Jones industrial average made three huge strides upward between its low of just 93 in 1942 and its 1966 peak of 995. Since then, the market has experienced three major declines, the most recent one beginning in January 1973 after the Dow hit its alltime high of 1,052. Gould reckons that there is at least an even chance that this third decline in the series ended with...
...YEAR-ENDING-IN-5 CYCLE. A new notion just beginning to circulate on the Street, this theory is based on a historical observation that years ending in the number 5 have almost always been "upward trending"-that is, years in which the Dow closed in December well up from the low reached earlier in the year. The leading proponent of this cycle, Ralph Acampora, technical analyst at Manhattan's Harris, Upham & Co., believes that the 1975 trading low will be about 500 and the trading high, by year's end, will be around...
...their new home from Asia, something they could not have done if an ocean barred their way. He reports that the sea floor is spreading constantly on both sides of undersea ridges, notes that the Himalayas are growing at the rate of a few inches a century, forced upward as the Indian subcontinent pushes itself against the Asian mainland...