Cyclical patterns suggest that we may be repeating the initial crash of 1929, which recorded the worst drop in history on Black Thursday, Oct 24, 1929 (-11%). This was followed by an enthusiastic rally the next day (Friday), followed by capitulating drops the next week: Black Monday (-13%) and Black Tuesday (-12%). Afterwards, there were a couple significant rallies where wise traders could still have exited the market. The chart clearly shows what happened in the following months and years.
Stay safe friends!
Stay safe friends!