Waterboy2go
07-06-2010, 01:55 AM
http://www.cnbc.com/id/38092759
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.
http://quotes.ino.com/chart/index.html?s=INDEX_DJI&t=&a=&w=&v=d12 (the pattern)
So...yea....discuss why don't we
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.
http://quotes.ino.com/chart/index.html?s=INDEX_DJI&t=&a=&w=&v=d12 (the pattern)
So...yea....discuss why don't we