“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Fractal Fairy Tale
Of course it is not a perfect fit - the supercomputers that push the markets are far more precise now, and the moves are therefore much more exaggerated in order to keep the attention of the overstimulated human subjects. Our target of 2,750 on the Dow Jones Industrial Average is in the ballpark with other doomsday forecasters who warn that huge bubbles always return to their pre-bubble levels, which, when adjusted for inflation, is around 3,000 - 4000 on the Dow.