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The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.
The Dow retreated 457.33 points, or 4.5 percent last week, to close at 9,686 Friday. Guppy said a Dow fall below 9,800 confirmed the head and shoulders pattern.
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Originally posted by Zagari
Monday, 5 July 2010
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
Originally posted by Zagari
Monday, 5 July 2010
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
Originally posted by jazz10
reply to post by E-ville
July 11th being a date to remember..
World cup final.
www.abovetopsecret.com...
Originally posted by Zagari
reply to post by E-ville
Webbot has the same exact graph shown by Timewave Zero graph in Evasius thread. I watched it a few days ago.
They expect a July 8 terror attack.
I expect also a significant eruption. Maybe Katla or Hekla.
Originally posted by Zagari
reply to post by E-ville
Webbot has the same exact graph shown by Timewave Zero graph in Evasius thread. I watched it a few days ago.
They expect a July 8 terror attack.
I expect also a significant eruption. Maybe Katla or Hekla.
Originally posted by Zagari
Indeed, watch for July 8 date and than for something going on July 12 through 15th.
Originally posted by Lil Drummerboy
la la la la la la hmmm hmmmm hmmmm la la la la la la la l aaa (whistle,... whistle ,... whistle)
Sorry folks the suspense is just killing me, waiting for the Doom to begin.
It's gonna be a long couple of days, so I bought a case of pop corn, duct tape and lots of drink.
I just love doom and gloom,.. so much of it predicted here,.. I can hardly wait...
I quite my job, just to watch this unfold....