Thursday, February 10, 2011

Does history repeat in the market? 2-11

I contend that history never exactly repeats in the market, but there are times when it rhymes very well.  I have two undated  vanilla charts of the DJIA for you to view.  They are real charts - and they are amazingly similar.  No I didn't got back to the 1930s-90s either.  Look at them.  Which is a current chart?

Here they are:

Now in the case of one chart we know what came later.  In the case of the other we are waiting to find out.  Is that a clue as to what is to follow? I will post complete information later.  Post your guesses as a comment.

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