Couple of charts to show how this market compares to 1929 and 1987 crashes i have taken the percentages of declines in 1929 and 1987 and put it on the top on 12/02/20 and also in both 1929 and 87 the market went first slowly down then retracement and only after that the real panic came in so I put the percentages of the panic portion onto the first lower top on 19 february. Looks like there is a bit more to downside. I can see no other instance in the last 110 years where market behaved this way. To make it a bit more confusing after 1929 crash we did not see the final low until june 1932, but the 1987 low was the start of new bullmarket and has never been broken. So that makes the coming low a 50 50 chance of final low. I would say we will definitely see DOW at or below 18 000 in the next couple of weeks.
TLS Price at posting:
$3.18 Sentiment: Hold Disclosure: Held
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