xjo weekend zoomba lounge, page-37

Well CEB, if you think learning from the past is stupid, then yes the comparison I made is silly and pointless. But I think there is value in observing previous patterns in differing time frames in different markets, so to me it aint stupid at all.
In the end you have to trade based on what you believe. For example you can view the market as a random walk where future market action will have no link to previous movements. If you did that, then trading would essentially be pure gambling.

The chart was showing after WW2, when the US rose to THE world superpower, its stock market went on to rally big time (rally continued for almost 3 decades after 1942). The similarity to the current XJO chart might (or might not) be telling us that Australia now rules the world, Cadel is King, and Prime Ranga Gillard is the leader of the free world. Oh, and we'll see XJO above the Dow, at 20000 in 10 years. OK, now I am being stupid, except the bit that Australia rules.