BBUS, page-4612

Was playing with this for myself so I thought I'd share here

DJIA 1929, 2008, 2020

Market tops vs end of initial bull trap

All on a 5 year scale so same time spread shown on all 3



The 1929 chart is looking dangerously similar to 2020.

The GFC had a different pattern of behavour, drops initially not as sharp and pronounced as the other two.

A bull trap follows a every initial market crash, that we know from human / herd psychology 101.
Question is when will it happen / how long will the bull trap last.

If you notice the initial drop from highs in 2020 is the most severe out of the three. As is the bounceback into the bull trap. Both almost vertical. Because of this I think the energy is likely to inverse much quicker than in the past and the market turn down as aggressively as it has shot back up. Something like a waterfall event on the way down IMO. Question is still when but because of these factors I don't think it has the energy to keep going into Aug / Sep.

Just my random thoughts. And sorry this is for the Dow, not the S&P as I wanted to look back at 1929 and compare