
Conventional wisdom,[3]
supported by polls, was almost unanimous that a Dewey presidency was
"inevitable",
and that the New York governor would win the election handily. The "Dewey
Defeats Truman" was a famously incorrect banner headline on the front page of the
Chicago
Tribune on November 3, 1948, the day after incumbent United States President Harry S.
Truman beat Republican challenger and Governor of New York Thomas E.
Dewey in the 1948 presidential election in an
upset victory. As it turned out, Truman won the electoral vote by a 303-189 majority over
Dewey and Dixiecrat
candidate Strom
Thurmond, though a swing of just a few thousand votes in Ohio, Illinois, and California would
have produced a Dewey victory. Instead of a Republican sweep of the White House and both
houses of Congress, the Democrats held the Presidency and regained
control of both the House and the Senate.
1948-1949 DJIA AND NYSE A/D LINE AND ITS TREND CHANGE BUYS AND
SELLS

1948-1949 PEERLESS DJI, REGULAR BUYS, SELLS AND INTERNAL STRENGTH INDICATORS

1948-1949 PEERLESS DJI, EXTREME BEARISH BUYS, SELLS AND INTERNAL STRENGTH INDICATORS