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
1 comment:
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Stock market response analysis
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