The final GDP report for 2004:Q4 was released today, indicating 3.8 percent growth. Examine the tables in this release and the chart of cyclicals (below). In the GDP tables, consider the elements most closely tied to real GDP growth that are cyclical.
Using this information answer the following question: Is the bounce off of 200-day MA support a one-time event, or is there reason to believe that the double top will not ultimately form? This is excellent practice for your final paper.
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