Tuesday, September 1, 2009

Interesting Chart

Courtesy of The Big Picture:

Lorne points us to this comparison between the 1929 Dow and the 2000 Nasdaq, overlays some fib retracements, and wonders if history isn’t repeating itself:

If this correlation proves itself correct in the future it looks like we're in for a rocky road ahead. Here are a few short plays I'm watching for a move to the downside.

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