Saturday, April 4, 2026

January 15, 2009

Chart of the Day

In markets we often look to historical comparisons. As they say, history doesn’t repeat, but it often rhymes.

This chart is courtesy of dshort.com

The blue line is our current market. We are in a nasty global recession. The market has more work to do on the downside before anyone should be thinking about a potential bottom. It is nowhere in sight. Stay tuned.

Peace

Click to Enlarge

Click to Enlarge


Categories: Dow Jones Industrial Average, S&P 500, recession, trading

2 Comments »

  • great chart, puts things in perspective

    Comment by Go4it24x7 — January 15, 2009 @ 11:34 am

  • Good call on the EW4 top. I think this fall will provide a poignant definition of the EW5, unfortunately for all of us in the USA. But if we are on the right side of a trade, that is commendable I guess.
    Thanks again.

    Comment by Kurt — January 15, 2009 @ 5:05 pm

    • RSS feed for comments on this post.

    TrackBack URL
    https://www.volatilitynews.com/2009/01/chart-of-the-day/trackback/

    Leave a comment