Which part of history will DJIA repeat?
Depending on one’s worldview, this glass maybe half full or half empty. If Dow Jones Industrial Average is merely doing a healthy correction like any one of those between 2010 – present, the lowest it will go is a 20% retracement or a 20% discount from the top to entice one to buy something.
If DJIA is going to crash like the collapse of the Tech Bubble and the Subprime Crisis, then history tells us that nothing less than 40% off the top will do.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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