Dow Jones Industrial: October 1987 vs. October 2020

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Just a few similarities here and there.

- Dour Pig



CURRENCYCOM:US30
DJI

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Looks like the top might just be in.

Could see some fireworks shortly.

If so, just wondering what exactly drives markets...

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If this continues within a reasonable distance from the dotted projection, I would maybe consider parting ways with the bull positions for at least a week or two.

The drop that you cannot see in the chart above is insanely steep to the point where I could not fit it in, even when using a log scale.

Also would be pretty great if it happened since you can extrapolate what will happen up until the point that it greatly deviates from the post-'87 aftermath.