I showed you 2 charts that look remarkably similar. So does history repeat or just rhyme? Well one chart covers about 2 years, the other about 4 years. The first chart was 2001-2002 time frame. The second chart was 2007-2010 time frame. So I think we can agree - not a repeat of history, but a rhyme.
In other words the market is moving at a slower pace down/up than it was during the ".com" bust and recovery. So keep that in mind when viewing the charts (if 2001-2002 chart makes a move in 1 month it would take 2 months to make the same move today if that relationship continues).
So here are the charts with labels (time and price):
Hope you found this enlightening. GL traders.
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