Loading ...Jaws of Life
For a few years now Rambus has been postulating the Dow …. has been in a 16 year Megaphone Continuation Pattern he has been calling the Jaws of Life…( because of others calling for a big crash and calling it the Jaws of Death)
I have not seen any other analyst out there pick up on this . I just went back 75 years and the weekly Dow LOG Chart is INCREDIBLE !
Inspired by Rambus here it is
DOW 200,000 in 20 odd years ? Impossible , Ridiculous , What are you smoking Fully ?
That’s what they said in 1942 and again in 1982
Deja Vu ?
Edit…(For the Elliot Wavists….5th wave up just starting)
For a time when Dow = 200K, I wonder how much a bar of soap or pair of socks would cost.
Might be a bit of a tax bill too for some, evictions, social breakdown, lost time and quality of life; figuring out the e-equivalents of loading up the wheelbarrows with cash.
might be The gooey slimy version jaws of death?
Just pessimistic joking.
How much different isLife on Planet Earth with Dow at 18000 than it was in 1982 with Dow at 800 ?
Better I would argue
I wasn’t alive then. In some respects life was better, in others worse, far worse, in the good old days for many, as you indicate.
However a salient point is what the chart would be like adjusted for inflation. For example, adjusted for the price of gold. Adjusted for cost of living. Adjusted for taxes, fees.
How great was the stock market chart in Weimar Germany? I think it was not too bad. Has it been OK in Zimbabwe?
What about in somewhat controlled versions thereof? In many ways life did not worsen or has not worsened in Germany then Zimbabwe more recently. I think life in Germany in the 1920s was rather cool in many ways.
So the Life jaw of the lamprey and the hagfish, maybe.
BTW, I salute your graciousness and good humor for letting me tease you on your website, into which you put so much effort.
One interpretation of the megaphone pattern:
http://www.trending123.com/patterns/reverse_symmetrical_triangle.html
Just another pattern which can break our either way
Look at the one in the 70s
Very true and I would trust Rambus’ interpretation over anything I would put forward any day.
Fully, thanks for the playback chart.