Posted by goldnice on 26th of Apr 2020 at 09:44 pm
Unbelievable ultra long term chart of the DJIA going back to
1900. We are at a point in stock market history that is eerily
similar to 1929 technically and fundamentally. Lots of people were
following this chart setup way before covid 19. So its no surprise
that when the market started to break down from this unreal
technical position that central banks started printing and debasing
fiat money at rates that would make the 1930's blush! Chart from
the legend "Northman Trader"
Posted by fibbtrader on 27th of Apr 2020 at 07:46 am
only difference, money was not pumped into markets in 1929 by
central banks all around the world. You got to look at all the
events that's occurring just looking at chart will get you
blindsided.
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Unbelievable ultra long term chart
Posted by goldnice on 26th of Apr 2020 at 09:44 pm
Unbelievable ultra long term chart of the DJIA going back to 1900. We are at a point in stock market history that is eerily similar to 1929 technically and fundamentally. Lots of people were following this chart setup way before covid 19. So its no surprise that when the market started to break down from this unreal technical position that central banks started printing and debasing fiat money at rates that would make the 1930's blush! Chart from the legend "Northman Trader"
uncanny resemblance
Posted by elliotw on 27th of Apr 2020 at 08:02 am
uncanny resemblance
absent Covid-19, the markets were
Posted by ssaffer on 26th of Apr 2020 at 09:50 pm
absent Covid-19, the markets were setting up for a big plunge, Covid-19 just accelerated what most times take 6-9 months in about 5 weeks.
yeah pretty much
Posted by matt on 26th of Apr 2020 at 09:55 pm
yeah pretty much
only difference, money was not
Posted by fibbtrader on 27th of Apr 2020 at 07:46 am
only difference, money was not pumped into markets in 1929 by central banks all around the world. You got to look at all the events that's occurring just looking at chart will get you blindsided.