Friday, August 28, 2009

Current Bear vs. the 1938 overlaid...

Overlaying the 1938 period with the current market action I discovered the remarkably similar price behavior which lines up almost perfectly month vs. month as well. If this fractal should continue to mirror the 1938 time frame then we can expect a quick sharp decline in Sept/Oct a near tag of the 200 day moving average down around 910ish...

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