Sean’s Rant

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Archive for the ‘djia chart comparison against great depression’ tag

I’ve said it before and I’ll say it again. The decline still isn’t over and heres why I’m short the DJIA.

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Take a look at the following charts. The first chart is one of the market crash of 1929 and the following recovery.

dow-1930

The next chart is the  market crash of 2008 and the recovery up until now.

dow-2009

A note about the current market rally. 1929 – 1932 chart and 2008 chart.

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Take a look at the following chart. The famed October 1929 crash is towards the left of the chart. Look at the bottom of the chart by October before 1930. Then look at what follows it for two more years. In April of 1930 things were lookin pretty good.