Thursday, February 13, 2014

1929 and 2014 charts overlay

This is the chart that has been passed around by traders, the chart that was discovered by Tom Demark, showing uncanny similarity between the 1929 stock market crash and the current Dow chart pattern.
After a brief recovery from a minor stock market selloff in 1929 the Dow nosedived 33% in just 2 weeks, The stock market crash took the Dow down 89%.While history does not repeat itself it does rhyme. Here is another variation of the same chart.