DJIA - Dow Jones Industrial Average since 1900

Let's go back to the previous depression in the thirties of the last century. The Dow plunged like there was no tomorrow until 1942 before a massive rally initiated which already ensured 74 years of gains.

Clearly, the rally is unfolding as a 5-wave advance and we are now in the last stages of the creation of this pattern. Still more gains are expected because the fifth wave which started in 2009 is not yet complete.

However when this pattern is complete a deep sell-off can be expected. Compared with the 2007/2008 plunge the upcoming decline in price should be deeper and more time-consuming. So if you think we live in turbulent times these days I think we ain't see nothing yet !

But first we will see higher grounds, to continue the uptrend price should stay above 17063.

Since 1900:

Since 2009: