Upon further investigation, I have concluded that the current bull trend is similar to the bull trend number 2 from 1942-1965.
Both trends are showing a rather flat 43 degrees up movement. A slow and steady trend. It is not as steep as the dot com bull run with its 53 degrees.
Bull trend appreciated 970% over the course of 286 months. Using the same criteria (not going to be exact) I can estimate the same 286 months and 970% today will put it at 2033 and 70,000 respectively.
Another clue is that the dot com bull run held above the rising monthly 21ema the entire time.
1942 bull run the monthly 21ema was a little more sloppy in its support.
The 2009-2033 current bull run, the monthly 21ema is behaving similar to 1942 bull run in that it is acting sloppy in its support.
Both trends are showing a rather flat 43 degrees up movement. A slow and steady trend. It is not as steep as the dot com bull run with its 53 degrees.
Bull trend appreciated 970% over the course of 286 months. Using the same criteria (not going to be exact) I can estimate the same 286 months and 970% today will put it at 2033 and 70,000 respectively.
Another clue is that the dot com bull run held above the rising monthly 21ema the entire time.
1942 bull run the monthly 21ema was a little more sloppy in its support.
The 2009-2033 current bull run, the monthly 21ema is behaving similar to 1942 bull run in that it is acting sloppy in its support.
Comment:
The 1942 bull run in where I believe we are in the bull cycle now
Projecting out the monthly 21ema and 200sma in today's bull run
Projecting out price action from 1942 to today
Projecting out the monthly 21ema and 200sma in today's bull run
Projecting out price action from 1942 to today
Comment:
Using a trend channel, I can see that price is trying to rally up to the top of the channel at price level 51,000 before pulling back to 41,000
Then the final leg higher of the bull run from 41,000 to 70,000
Then the final leg higher of the bull run from 41,000 to 70,000
1942-1965
The monthly 21ema support was sloppy
1982-2000
The monthly 21ema support was a lot cleaner
2009-2033
The monthly 21ema support is a little more sloppy just like 1942