Wednesday, February 12, 2014

1929 CRASH VERSUS RUN UP TO THE 2012–2014 DJIA BEHAVIOR–SOON TO MAKE OR BREAK IN 2014 IF AND WHEN IT FOLLOWS THE CRASH OF ‘29

To be sure, as McClellan acknowledged: “Every pattern analog I have ever studied breaks correlation eventually, and often at the point when I am most counting on it to continue working. So there is no guarantee that the market has to continue following through with every step of the 1929 pattern. But between now and May 2014, there is plenty of reason for caution.”

http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11

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