Sep1929 High = 386.1, the Nov1929 low = 195.35, representing a 49.41% drop. Hereafter the Dow Jones had a reasonable steady increase to a high of 297.25 in Apr1930, corresponding to a 52.16% increase from the November lows.
If history repeats and we take as a high Oct2007 14280, low Nov2008 7392.27 corresponding to a 48.23% drop we now may expect a ~50% rise from the Nov2008 low which corresponds to 11088. So I am hoping (and betting) on a steady rise in the next 6 months to the 11000 level in the Dow.
After that we will likely drop again to new lows.
If history repeats and we take as a high Oct2007 14280, low Nov2008 7392.27 corresponding to a 48.23% drop we now may expect a ~50% rise from the Nov2008 low which corresponds to 11088. So I am hoping (and betting) on a steady rise in the next 6 months to the 11000 level in the Dow.
After that we will likely drop again to new lows.
