Silver and S&P Similarities – Tops and Bottoms
Friday, January 8, 2016 10:54
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by Gary Christenson
Deviant Investor
Examine the 30 year log scale chart of the S&P 500. What I see:
1. Tops occurred about every seven years. Tops were usually rounded, followed by intense drops.
2. Tops were approximately Aug. 1987, Jan. 1994, March 2000, Oct. 2007, and May 2015.
3. Once the S&P broke below the red up-trending support lines in 2000, 2007, and (probably) in 2015, the rally was over and large corrections occurred.
4. The next large move in the S&P looks like it should be, based on history, a substantial correction to the 600 – 1,400 range.
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Source: http://financialsurvivalnetwork.com/2016/01/silver-and-sp-similarities-tops-and-bottoms/?utm_source=rss&utm_medium=rss&utm_campaign=silver-and-sp-similarities-tops-and-bottoms
