This morning the above was posted on Twitter.
Below is the DJIA chart of May & June 1988
If history is going to repeat itself, then we may be looking at a similar type correction before a year end rally.
If you are up to date with the posts in the blog then you know that the cycles discussed here are forecasting such a move.
To repeat:
Cycles look like a consolidation period into May 21 with a slight bias to the upside, no real short term directions suggested by the cycles although some may develop along the way.
May 21 poss top
June 2-3 poss low
June 18-19 poss top
July 29 poss low
"History doesn't repeat itself, but it does rhyme." - Mark Twain
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This
has been posted for Educational Purposes Only. Do your own work and
consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
Past performance is not indicative of future results
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