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!