Check out this chart! What I find interesting is that the one week view of the Dow Jones Industrial Average looks very similar to the six month view. The chart shows a slow decline, then a cliff, then a slow decline again. The down trend looks at first glance to be very similar.
Some conclusions:
- All data must be read within a larger context
- Patterns are clearly repeating
- The trend appears to be downwards
- Have we hit bottom yet? Tell me when you figure that one out!
February 21, 2009 at 1:21 pm
With all the contraction and record losses happening (and still to be announced) in a lot of significant companies my opinion is that we will see a constant series of upheavals on a downward trend for sometime yet.
February 21, 2009 at 5:11 pm
Very interestingly similar trend in the 2 periods. I feel the downward trend will continue and not sure of when or where the bottom will be. I look forward to seeing those charts when they happen!
March 15, 2009 at 1:52 pm
This strikes me as an example of the holographic effect of life. Within every small bit or chunk, is the same image as in the big bits or chunks.