Scary....but true
Posted: Thu Oct 09, 2008 8:22 am
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.
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.