| DJIA mimicking wave 2 correction exactly like 1987! |
| Can you identify the difference in wave 2 in the above charts shown |
| The first chart is of DJIA in 1987 just before the crash. Wave 2 ended at 2650 and market fall to 1620 in less than 11 trading sessions |
| Market has mimicked exactly the same corrective pattern NOW |
| I was shocked to see even the retracement levels are perfectly in sync with end of waves "a" & "c" in spikes |
| It looks nothing changed in more than 2 decades in terms of people behaviour and psychology. It is correctly said - technology cannot change the inherent behaviour of people & they will act exactly the same way even if a millennium is passed!!! |
great chart !! history repeat once again.traders come-out but never change history.tx for chart
ReplyDeleteExcellent observation...!
ReplyDeleteAurum