FinancialAdvisor's College Class (FACC)

[d33c4f]

Nice piece FA, historical dow

Now that we're on this topic it's got me looking at this chart
http://stockcharts.com/charts/historical/djia1900.html

Alot of interesting info can be drawn from this

Checkout the 20's bubble/crash
Top was 380
Bottom was 42

Almost a 10x

So saying the dow could fall to 1000 definitely has weight
A 1000 low would correct the entire '82 bull, and bring us back to 16 years of support, level ('66-'82)

I'm thinking the chart will look similar to that 60's range
The 3 downsloping troughs(dow theory) from 66-75..11 year distribution pattern

I think it's more likely we see another one of those then the 29 crash..it already looks that way chartwise.
We need to skip ahead to the China olympics to confirm this though

And there are alot of factors that are different this time then in 1929
That bubble/crash is more relevant as a nasdaq proxy IMO.