chart: 1929 DJIA

Courtesy of Worden Bros.

The chart above is the DJIA weekly chart of 1929.  Many people have said that things were different back then.  There were no computers.  Communication was so different.  Etc, etc, etc.   If you look at the chart and you did not know that it was from 1929 you would not know when it was from.  The market in 1929 did not act much different than from a couple of other times in the past.
There was a big negative divergence in this chart.  The price bars made higher highs (green line) while the indicators and histograms were making lower highs (red lines).
Note that charts like this were computed then, but, by hand and mostly by professionals in the business because they had the access to the data.
Other stock market tops will be posted also.  It will be a good exercise in reviewing them and see what to look for at potential tops because we know one is coming if it is not here already.

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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