YaKa

DOW - Long Term - There's room for a major correction.

INDEX:DOWI   DOW Industrials
265 0 5
Long term charts are to read with caution as the slightest change in angle can mean 10% difference after so many years.

Also, this chart embeds inflation and the inflation regime has been changing dramatically over time.

For instance, the 1964/1974 correction that looks flat on this chart was actually severely downward sloping if adjusted by inflation .

It really is irrelevant to know exactly what will be the price in 3 years as we generally trade a 3/6 months horizon, however as we are close to what i believe to be a pivotal area, it is interesting to review those LT             charts to be prepared...

In essence: the deflationary fear may be legitimate and the path ahead may be rough.
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