Scary....but true

Public discussion of the methodology

Moderators: ted, mmaxwell

Post Reply
Trader Question
Posts: 709
Joined: Thu Oct 09, 2008 7:31 am

Scary....but true

Post by Trader Question »

Just an observation. I am on lesson 24-on Dow histrory, looking at DOW chart in lesson and on my computer, years 2006-7-8 looks very similar to 1928-29-30.

In 1928, dow closed right at 59 down, same in 2006.

In 2009-5-2 down held, same in 2007.

In 1930--close was under Yearly pldot, 2008 still working on it. High of current quarter was right under quarterly 6-5 down which is locating at Yearly-pldot. Does it indicate Y-pldot is pushing down? Sept. high so far is under monthly 6-1 down-again under Yearly pldot.

Scary!!!

H.B.
pldot
Site Admin
Posts: 779
Joined: Sun Apr 27, 2008 10:52 pm

Re: Scary....but true

Post by pldot »

Yes, not such reassuring times these days..... close monitoring is essential.
Post Reply