for what it's worth ... from
(snip)"today's Dow Jones Transportation Index (DJT) nearly identically emulates the nine-month lead in pattern which occurred on the Nasdaq in 1987 and culminated in the historically famous crash.
The DJT, a leading index, has traced the 1987 Nasdaq chart up to today's edge of a similar yawning precipice. The key to this event was the successful retest of Double Top resistance as indicated in my previous essay last week. That comparison was between the Qs and the Nasdaq from 1987, which did not decline as anticipated due to impressively good earnings from a few of the leading tech stocks, several of which had multiple downwardly revised estimates preceding earnings release. However it is important to consider that the Qs did not break out from the Double Top pattern either.
But there are two other leaders which did decline as expected: the DJT and the Russell 2000 Small Cap Index. This essay focuses on the DJT as it most closely follows the Nasdaq 1987 chart which indicates the anticipated decline."(snip)




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