Dow Jones Circa 1896-2090
A log chart of the entire Dow Jones history and it's entire bull and bear cycles.
Currently we are at the top of the channel for now the third time
I think we are going to drift sideways for the next 46 years just like at the beginning in order to get back down to the lower end of the up channel. I don't know how long price can stay bumping up against the top channel.
I marked the top of 2000 and 2008 with a red trendline and it lines up with the 2015 pullback and the 2020 crash. Maybe price will bounce off of it for awhile.
2029 will mark the 100 year anniversary of the 1929 great depression crash. I am not saying anything will come about it as I have no clue. Just an observation.
The last time price was chopping around it's weekly 21ema, it produced the 2020 dump
For the last 2 -3 years, the daily 200sma has been roughly flat and range bound. Why would it change now? It makes more sense to act like it will continue to be flat
It also has just finished hitting it's measured move today
Currently we are at the top of the channel for now the third time
I think we are going to drift sideways for the next 46 years just like at the beginning in order to get back down to the lower end of the up channel. I don't know how long price can stay bumping up against the top channel.
I marked the top of 2000 and 2008 with a red trendline and it lines up with the 2015 pullback and the 2020 crash. Maybe price will bounce off of it for awhile.
2029 will mark the 100 year anniversary of the 1929 great depression crash. I am not saying anything will come about it as I have no clue. Just an observation.
The last time price was chopping around it's weekly 21ema, it produced the 2020 dump
For the last 2 -3 years, the daily 200sma has been roughly flat and range bound. Why would it change now? It makes more sense to act like it will continue to be flat
It also has just finished hitting it's measured move today
Kommentera:
45 years of sideways consolidation back in 1896-1940
Kommentera:
The same pattern if played out today