Monday, July 5, 2010

Dow Repeats Great Depression Pattern

“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.

CNBC

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