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| Courtesy of Worden Bros |
Each chart displays the stock market selloffs in each of those years.
What is interesting is the patterns subsequent to each selloff.
One can say that the patterns are a display of the human emotions after each selloff.
"History doesn't repeat itself, but it does rhyme" - Mark Twain
The vertical yellow highlights show the respective highs and lows matched up as best as possible.
The chart suggests that a small selloff "may" be ahead of us soon.
In 1987, 2010 & 2011 the stock market continued higher after those small selloffs. This year we experienced the Zweig Breadth Thrust which may be hinting of further gains ahead.
This may or may not happen this time around, but, it will be addressed once we get to that point.
These charts compliment the post made on Oct 18,2015, Stock Market, What's next ?
Which can be seen using this link http://stks.co/j3I0E
In scrolling back through many years worth of charts, November has been a month in which some selloffs have occurred. The stock market has just started it's favorable six month period and it doesn't go straight up so expect some turns along the way, November "may" be one of those turns.
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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
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