No coincidence the Wall Street crash of 1929 resulted in the Dow Jones falling to levels so low even on a 100 year rising channel.Ī rising channel is a common thing on any chart. The one and only time that the Dow Jones index fell below its 100 year rising channel was in 1930 and in 1974. The longest timeframe of the Dow Jones chart is the quarterly chart on 100 years. In doing so, we add historic context to the Dow Jones 20 year charts we featured in another article. We use the same 100 years chart and look at the monthly, weekly, daily timeframes.
In this article we look at the Dow Jones historical chart on 100 years on multiple timeframes. Our forecast was accurate, the Dow Jones even exceeded our price target.
Right after the Corona crash, in the summer of 2020, we wrote: “ the Dow Jones 100 year chart suggests that this market is moving to 32,000 points where it will meet 100 year resistance“. “One other take-away is that a stock market crash in 2023 is not likely to occur,” is what a quote we wrote in October of 2022 which appeared to turned out to be a highly contrarian but a highly accurate market call. This price point has an above average meaning, as per Tsaklanos his 1/99 Investing Principles: investors need to gauge mid and long term trends of the Dow Jones index against the 31.7k level. The price level it cleared, back then, was 31.7k points. One of the key take-aways is that the Dow Jones managed to clear its 100 years rising channel in March of 2021. Each angle comes with a relevant insight. This article features several angles of the Dow Jones 100 year charts. The Dow Jones historical chart on 100 years has a breathtaking setup.
0 kommentar(er)
