"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, February 10, 2010

Dow in 2010 = Dow of 1929?

Adam at Ino.com thinks it could be so.  An interesting video:  Deja Vu All Over Again For the Dow?

It's a succinct video that meshes with one of the two primary NFTRH plans.  Either way, I agree that there is a date with strong support well lower than here.  When we get to that point, it will be time to finalize a decision on NFTRH's  'plan A or plan B'.  But Ino uses the triggered down MACD (very important) and retrace points correlating to the crash of '29 and subsequent recovery.  I will note that time frames are different (Hope '09 extended longer than Hope 1930), but the structure is very similar.

Anyway, and interesting video.  I don't use MarketClub because I tend to use instinct and psychology (for better or worse) as part of my trading.  But I am going to be interested to see if the unbiased Ino system generates a RED arrow down.