Access a chart of the Dow Jones Industrial Average from 1985 to present. One publicly available source for this data can be found electronically at http://finance.yahoo.com using the ticker symbol

^DJI. Under Charts, choose the Interactive option. This chart can also be accessed using the address http://finance.yahoo.com/echarts?s=^DJI+Interactive#{%22range%22:%22max%22}. Select from the top bar the Max option to give the complete history of the Dow Jones Industrial Average since 1985.

Then select the icon to the right of the Max button (Custom Date Range) and enter the date ranges requested below. (You can also move the cursor along the chart to observe the period in the chart itself.)

a. For the period November 1, 1987 to August 1, 1990, was the market in an uptrend, downtrend, or sideways trend? Explain your answer.

b. For the period May 1, 1999 to August 1, 2001, was the market in an uptrend, downtrend, or sideways trend? Explain your answer.

c. For the period February 1, 2003 to September 1, 2007, was the market in an uptrend, downtrend, or sideways trend? Explain your answer.

d. For the period September 1, 2007 to March 1, 2009, was the market in an uptrend, downtrend, or sideways trend? Explain your answer.

e. For the period from August 1, 2008 to April 1, 2011, was the market in an uptrend, downtrend, or sideways trend? Explain your answer.

f. Comparing the five charts that you have generated, what similarities and what differences do you find? What conclusions do you draw about historical market trends?