The Great Depression (1M) v. Current Market (3M)
If you've been following me here, on YouTube, on Facebook, or on Twitter, then you know that, for the past 1.5 years, I have been warning that the 2018-2020 trading range is likely distribution, using point and figure charts as well as volume and price action as evidence. I have also continually pointed out the fundamental similarities to 1987, 1999, and 2007. Over a year ago I stated that we could see price targeting $14,000-$15,000. At this time, it's looking much closer to $10,000-$12,000 at least.
For those who say that can't happen, I wanted to show you a comparison between the Great Depression (1 month chart) on the left and the current market (3 month chart) on the right. Notice any similarities? Notice a LOT of similarities?
None of this guarantees that the same, or even a similar, path will taken by the market, but it does provide information for you to consider. Anything can still happen. The government could come up with some new, exotic way to prop up the market. But, just in case...
For those who say that can't happen, I wanted to show you a comparison between the Great Depression (1 month chart) on the left and the current market (3 month chart) on the right. Notice any similarities? Notice a LOT of similarities?
None of this guarantees that the same, or even a similar, path will taken by the market, but it does provide information for you to consider. Anything can still happen. The government could come up with some new, exotic way to prop up the market. But, just in case...