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Friday, February 21, 2014

Dow comparison chart poll response

Have you seen the chart that compares the current Dow to the 1929 crash pattern?

Yes
  14 (60%)
 
No
  9 (39%)

Most of you have seen it.  That is really wide coverage for something like that.  I did not show it on the blog because I don't believe in comparison charts.  I have seen many over the years and outside of the three peaks and a domed house pattern I can't think of one that actually played out as the pattern suggested.  The recent rally has messed up the pattern anyway.  However, I think there is still considerable risk of a sizable down move here.  Stay tuned.

Bob

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The information in this blog is provided for educational purposes only and is not to be construed as investment advice.