Historic bull trend failure signal of 1929

TVC:DJI   Dow Jones Industrial Average Index
Here's where the big breaking of the bull trend came in the DJI of 1929.

The breaking of this 161 level has been the best leading signal of major market failure.




Here we always bounce from the 161 to just over the 127 fib. If this signal is in play, someone would be able to make a forecast of the hard crash coming from around 4150.

Historically markets top when they reject the 161 of the last big drop, and they capitulation when they break the 161 of the topping swing.

We have both of these now.


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