More narrow mindedness from Troglodyte #2... It`s called a game of observation & speculation... one can always tell a losing/ frustrated investor/ speculator by their narrow minded, dismissive responses of others that don`t share their small mindset.
That`s it ?... Hair? Stale, weak one liners.. irrelevant to trading? Once upon a time, this was a great site, chock full of quality posters that shared ideas, charts, set ups, P&L`s etc... Now we have the bitter bitch boys that have blown up more times than they can count that show up to bellyache, troll & provoke... They are the easy marks as their "tells" are obvious.
There was a saying often attributed to Mark Twain that I feel is very appicable. "History doesn’t repeat itself but it often rhymes". It's been a long time since I studied history, but I believe the Great Depression was worsened due to trading wars and fundamental errors in the monetary policy. There seem to be parallels.
To get us back to the original thought -- Yes, the "shape" is currently 'intact' -- do you account that anything besides a curious coincident? You also 'project' a 30% drop and some top-10 days... So, 30% of what?? Top-10 of what?? It would help to have a bit more basis -- so far this thread has seemed a Rorschach at which posters are attributing what their particular views suggest....
Crashes of this type have the topping pattern in this popular graph: I have discovered indicators that can predict this crash type. 30% or more from top to bottom. Top 10 percentage losses. https://en.wikipedia.org/wiki/List_...Industrial_Average#Largest_percentage_changes Assuming that this is a crash of this type, the daily percentage changes so far have been worse than 1987 and even worse in some ways than 1929. On this basis, this crash has a lot of potential, and calling the bottom will be difficult. I just yesterday amended my strategy for calling the bottom by that reason. Posting less details seems to generate more discussion.
I don't think this clown even understands the similarities between 87 and now, but then again he is a jock rider.
The bigger risk, IMO, is the tech sector due to the fact that so many of the heavily weighted stocks are in extended parabola's. Granted, the Dow Industrials has its share, but Nasdaq could just bring a percentage of those stocks back into their longer term averages and crush that index.
Sorry if I understand incorrectly, but is that saying that once the bottom is identified, the following return is positive? IOW, water is wet?