re: Current Market Chart bearing Strong Resemblance to 1929's.......

quote:

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To be sure, as McClellan acknowledged: “Every pattern analog I have ever studied breaks correlation eventually, and often at the point when I am most counting on it to continue working. So there is no guarantee that the market has to continue following through with every step of the 1929 pattern.

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If present patterns always stray from historic patterns eventually, then it's not a pattern at all and is simply coincidence.

That's pretty much how I heard that statement.