DJI of 1929 vrs DJI of 2021 - Current DJI
The confluence of matching points we have between the market of 1929 and our current market have gotten to be scarily similar over the last 5 - 10 years.
For us to match the DJI of 1929 we'd need;
A slow uptrend with regular pullbacks/crashes.
A couple 50% crashes spaced a bit apart from each other.
A breakout of the high of these crashes into a sheer up-trend.
This uptrend to run a bit over 300% before it started to show warning signals.
This is an unlikely series of events that has not happened before. What we're seeing in the US indices now is a signal seen once in this lifetime (For most of us).
See 1929
For us to match the DJI of 1929 we'd need;
A slow uptrend with regular pullbacks/crashes.
A couple 50% crashes spaced a bit apart from each other.
A breakout of the high of these crashes into a sheer up-trend.
This uptrend to run a bit over 300% before it started to show warning signals.
This is an unlikely series of events that has not happened before. What we're seeing in the US indices now is a signal seen once in this lifetime (For most of us).
See 1929
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.