Major Stock Market Crash In January
by Ken Jorgustin
November 30, 2013
Is there a major financial crash in our near future? You must check out this stunning analogy between the current day Dow Jones Industrial Index compared with the time period 1928-1929 leading up to the memorable stock market crash…
The pattern of stock price movements looks VERY close to the lead-up to the 1929 top.
A lead-up to just any old top is one thing, but the 1929 top was followed by a memorable decline, which makes it all the more worthy of our attention…
The base graphs of the chart above are sourced from Tom McClellan of McClellan Financial Publications who remarkably uncovered this fascinating pattern based on previous work done by technical analyst Tom DeMark.
One very interesting implication of this chart pattern analog is that it says that the equivalent of the Sep. 3, 1929 top is ideally due Jan. 14, 2014.
Having said that, no one should take that Jan. 14 date literally, according to McClellan, since the market tends to only approximate the 1929 pattern rather than repeating it precisely. In other words, expectations of precision are just not warranted.
However the patterns are VERY interesting in their similarities…
We, and countless other blogs and alternative news sites, have been alerting those who will listen… that the likeliest major disaster that we are currently facing, is an economic collapse.