A recovery lasts only if its leader survives the first real pullback. Tech stocks turn first and rise fastest, which makes them the first place the market tests a recovery when momentum fades. The test is where the next short-term cycle low forms: above the previous one, the advance has a foundation; below it, the recovery loses its engine. This article covers the 2023 and 2000 cases, why flattening cycles shrink the swings, and why the 3/5 and 4/7 crossover averages decide t
