- Analog time...do these Dow Industrial charts look similar (ignoring flash crash)?
- If it plays out the same...BIG if...it's bad for the bears short term but good longer term.
- The top chart is the end of 1976 and the middle is current.
- 1977 was not a good year for stocks (JAN 77 - MAR 78). Dow went from 1007 to 737.
- To dream.
NAHB: Builder Confidence Increased in October, Negative territory for 18
consecutive months
-
Catching up ...
The National Association of Home Builders (NAHB) reported the housing
market index (HMI) was at 37, up from 32 last month. Any number below...
35 minutes ago
The 70s was a wave 4 at one lesser degree of scale from GSIV. *Tons* of similarities...
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