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TradingShot
May 27, 2020 4:02 PM

DOWJONES Is this the countertrend rally of the Great Depression? 

Dow Jones Industrial Average IndexDJ

Description

I will not spend much time describing this as the chart is pretty much self-explanatory.

I have plotted Dow Jones trend of 1915 - 1945 (orange line) which includes the Great Depression against the trend of the recent decades (late 90s to 2020) which is displayed in blue.

Do you think they look similar? And if so are we currently on a similar counter-trend rally as in the start of the Great Depression? The comments section is yours, let me know!

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P.S. For the record, I am not trying to scare anyone, just shared an interesting comparison.
Comments
jpbrown1023
Love this chart comparison! Great share!
sascanio
Definitively a possibility !!! Perhaps it won´t go that low... but a pullback should come.
Gayel
Good analysis
STPAUL007
This time is different (c) Your best friend FED
Bricolico
I'm wondering if we could be here. Let's wait and see.

Thinking about this red day, this post went back to my mind. If the target is 6000, it will be a long and hard journey, indeed.
jobudunks
There was no QE back then so it's a tough comp to make. It is such a different time. Cheers.
AkashAhmed9719
Great analysis
Bixley
wow gj
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