angelsmfg

1929 Global Depression. Will History repeat itself?

TVC:DJI   Dow Jones Industrial Average Index
I watched the documentary of the Global depression that happened in 1929, have felt the sadness even seeing on the video and realized that we should all learn something from it. It is scary to think that the price is near the long term trend line or resistance from 1929.

In the Elliot wave theory, I followed the sequence of past recessions. I am not sure but my count is it might happen in 2020 or 2021. I really hope not.
I just want to be aware of it and not negative. Things do happen for a reason and we can still look at it in a different and positive way Just be ready for it. Maybe upskill or strengthen the relationship with loves one or think of what's more important in life and how to surpass difficulties if ever it happens.
Copied from the Book of Elliot Wave and I just continued the sequence
1929 + 3 = 1932 bear market bottom 1929 + 5 = 1934 correction bottom 1929 + 8 = 1937 bull market top
1929 + 13 = 1942 bear market bottom 1928 + 21 = 1949 bear market bottom
84
1928 + 34 = 1962 crash bottom
1928 + 55 = 1982 major bottom (1 year off)
A similar series has begun at the 1965 (possible orthodox) and 1966 (nominal) highs of the third Cycle wave of the current Supercycle:

1965 + 1 = 1966 nominal high
1965 + 2 = 1967 reaction low
1965 + 3 = 1968 blowoff peak for secondaries 1965 + 5 = 1970 crash low
1966 + 8 = 1974 bear market bottom
1966 + 13 = 1979 low for 9.2 and 4.5 year cycles
1966 + 21 = 1987 high, low and crash

1966 + 34 = 2000

2000 + 8 = 2008
2000 + 13 = 2013 economic downturn between 2008 and 2013
2000 + 21 = 2021

1966+ 55 = 2021 ????
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