This makes it unclear whether the test of resistance in 2022 is going to trigger a violent sell-off Dow Jones 100 Years Historical Chart: Distinct phasesīasically, between 19, the Dow Jones index has risen 10-fold.īuying in 1966 would have been catastrophic for one’s portfolio. The shape is materially different in the period 2019-2023. This brings up the question whether aggressive selling can be expected heading into 2023? The one big difference between the occurrences in 19 is that the rally into the top of the channel was a very steep, multi-year rally. In 2021, the Dow Jones index exceeded its 100 year channel for some 12 months (until April/May of 2022). The tests of resistances that took place in the last 100 years: 1928, 2000, arguably 2020 (although not perfect).
However, it is really exceptional to see a 100 year channel like the one on the Dow Jones historical chart.Īnother important observation on the 100 year chart of the Dow Jones is what happens every time this index touches support as well as resistance.Įach and every time the top of this giant channel is tested it results in a long and/or exceptionally aggressive decline. 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. 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 3 timeframes.
The Dow stopped rising some 7% below our Dow Jones 2022 forecast. We also forecasted that the Dow Jones would test 40k points which it didn’t.
0 kommentar(er)
