1929 2008 Dow Jones Comparison
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History doesn't always repeat, but it does Ryhme.
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I have been told the dow in the 30's dropped 90% of its value, has the dow done this yet?
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very interesting post. thanks for that.
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you need to normalize the graphs with respect to each other. Otherwise it just looks related but could very well NOT be.
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where is the sound?
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has the dow dropped 90% in 2009
PlatinumGordon 2 years ago
No it has not. Wave patterns are indicative of market psychology. I believe this wave form shows the similar psychology to 1929, but I believe that the 5 waves shown combine to be only the first of a bigger 5 wave pattern down. If i am correct we are in an uptrend that will last 1-4 months (up down up- to form big wave two), then another 5 waves down like the ones shown in this video but stronger and more violent.
aircastle01564 2 years ago