Jan
4
A Classic of its Kind, from George Zachar
January 4, 2007 |
We’ve all seen the “1929 Dow vs. X” chart, where a doomster force-matches part of the 80 year old classic chart pattern to a contemporary time series, with the implicit forecast that a crash is imminent.
Here is such a chart, this time aligning the 2000 Nasdaq top with the Philly home builders index.
The source is a foreign-owned, Fairfield County, CT., dealer.
It is interesting how this template keeps resurfacing.
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