Friday, August 28, 2009

Feels & looks like 1938



The DJIA chart for 1938 is on the left, and a Dow chart of the run starting on March 9th, 2009 is on the right. I couldn't locate $NASI data for the 1930's, but RSI(9) peaks correlated very well with complex $NASI tops in 2009. The similarities between the two bear market rallies are eery. The second chart suggests what we are to expect over the next four years.

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