Stock Market DJIA, 2008 and 1929 November 2, 2008 by Phantasmix Does this rhyme? Click to enlarge Post navigation SPY October 31 Intraday Support ResistanceA Different Perspective
I’ll assume that we’re going to repeat this (with minor divergences of course). This looks just too similar to ignore. I didn’t squash the modern chart vertically, so I don’t know where we are, but looks like mid-way of the first bounce. Then we correct halfway down the bounce, then we go up for 2-3 months, then the fun begins.
Great chart – sure looks like it does.
I’ll assume that we’re going to repeat this (with minor divergences of course). This looks just too similar to ignore.
I didn’t squash the modern chart vertically, so I don’t know where we are, but looks like mid-way of the first bounce.
Then we correct halfway down the bounce, then we go up for 2-3 months, then the fun begins.