31 July 2010

Similar?


  • 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.

1 comment:

  1. The 70s was a wave 4 at one lesser degree of scale from GSIV. *Tons* of similarities...

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