SwingTrade Member Forum

[Rawnoc]

But the Dow was up 600% the 8 years before its peak in Oct 1929.

The Dow was up around 35% before its peak in Oct 2007.

So if you were to compare them both in terms of percent move, then you have to compare it all. Dow 1929 at the beginning of its recession had the equivalent of a Dow 74,200. It then fell 89% I read at its very low which would be the equivalent of a Dow 8,162 today.

Put another way, the Dow found a bottom 23% below where it started 8 years before the bear market started in 1929. If the Dow follows the 1929 pattern, it will bottom at 8,162 or 23% below where it was 8 years ago.