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Thursday, July 16, 2009

The 1930 Rally

I think MAX, a regular commenter referred to the 1930 wave [2] rally. I took a look at it and it looks like a...triple zigzag.

Lots of similarities but enough subtle difference to make it of course unique which waves almost always are in some form or another.

The rally lasted about 5 months. Each zigzag took 6 weeks or so except the first. Same here. None of that may mean squat, but it is interesting.


  1. How does the Bradley model (investor sentiment) figure into this?

  2. Better yet, why not revisit this:

    It would seem to me that the led line has formed a topping pattern similar to the 1938 blue line, even though the percentages are different (40% vs. 50% retracement)

  3. Great chart thank you for posting.

    I love these historic charts that help to shed some insight on the current day. Sure things are vastly different fundamentally (or are they really...) but EW is EW and its always nice to look back and compare other situations.

  4. Here is my chart Dan is referring to. difference between 1929 and 2009 is daily to weekly. I don't think the govt is not going to go easy on this, they will do everything to stop a melt down even buying there own bonds (its like eating your young) but they cant change destiny . This chart was forming in March and I'm not going to change anything on it.$SPX&p=W&yr=3&mn=0&dy=0&id=p31055921046&a=163800550&listNum=12