The Scariest Chart That Everyone Is Talking About
- Posted by ZorTrades
- on January 25th, 2014
Sorry for the business insider title, I couldn’t help it.
This 1929 analog chart that first made the rounds late last year will get a ton of press if for some reason Monday turns out to be a black Monday. Analogs rarely play out and the people over at McClellan Financial explain the way they view analogs and how they normally work. Many people make fun of this type of work but if I remember correctly the small Paul Tudor Jones film from the 80′s showed how they were using an analog chart to predict the 1987 crash, not many make fun of Paul Tudor Jones. As for me, the chart is interesting, water cooler talk, and awesome if actually plays out. But betting on crashes is a losing game even when you finally get it right.
SOURCE; McClellan Financial
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
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