The chart patterns in the Dow and market psychology are ominously similar to that of 1929. With a 3-wave bounce from the low of the recent selloff to near Fibonacci levels in major indexes and pundits proclaiming that stocks are now heading to new all-time highs the probability that a wave 3 market crash is about to unfold is high. Prepare for fireworks...
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- Lessons from the October 1987 crash
The chart patterns in the Dow and market psychology are...
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