Saturday, November 14, 2009
Things that make you go hmmmmmm
Chart from ptv-investing.com
In 1938, over a 223 day span, there was a 63% rally on the Dow.
On the 223rd day of this rally (Oct 19th) off the S&P low of 667, the S&P opened at 1088 which was, you guessed it, a 63% rally off the low.
History rhymes and in complex systems patterns repeat.