In this report I take a close look at the Dow Jones Industrial Average going back to 1920. I also look at the difference between logarithmic and linear charts.
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As always a good post with relevant info. We'll be watching for that major correction/crash!
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Interesting chart and concept on the gold to Dow.
Good and silver great buys right now.
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Thank you for explaining a concept (Logarithmic charts) that I have pondered upon occasionally. Did logs at school many decades ago. I have also had an inkling that linear charts were distorting my view of a stock's performance - log charts help provide a clearer picture.
Enjoy your posts on Steemit - YouTube is good but too much noise to filter out.
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Not much good news but appreciate you always keeping us up-to-date on happenings of the financial markets. Cheers
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Martin Armstrong called for Dow 30,000 a few years ago before it would crash. That's not far off your calculations.
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I wonder if the Dow chart is inflation adjusted how would it look like?
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Great views and research!
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Resteemed, upvoted. In agreement with your analysis. You could've mentioned the current US$ collapse. The Dow, gold & much else still priced in US$. Lower US$ is probably the fuel lifting the Dow into stratosphere right now. Global companies trading in other currencies stand to gain most as US$ plunges. So yes, 28000 may be on the cards.
Interesting too that gold, silver priced in US$ still aren't moving as high as they should. Evidence of continued suppression? Did you notice weird jerks on stock and metal price charts on 1st-2nd August? Gold & silver were knocked down from VERY CRITICAL chart levels. Looks to me like a fierce battle going on between "deep pool" Exchange Stabilization Fund - attempting to keep a lid on gold & silver - and slowly building realisation about what's been going on prompting more people to move into gold & silver. Huge potential remains for a big rush out of US$ into alternatives, especially with the pending debt-ceiling fiasco looming yet again.
Keep on it maneco64... good job you're doing... especially as MSM shirk their duty & are headed towards dereliction of their "4th estate" position. BooBCups BBC continue to flaunt their distractions to keep public eyes off the main events. And today we have BoE chinwag - methinks they gonna surprise sleeping markets with a token 0.25% rate hike. I look forward to you covering that. - ed4ward
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I have noticed what you mention in gold and may be more in silver. There is also similar but opposite jerk in crude price to "support" the up trend. IIRC there was some article I read that some fund algo look at oil price to determine stock market trend, wonder if that is what is being targeted to prop up the stock market via tricking fund algo?
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Gotta prepare accordingly.
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