30 Year Chart Prescription For Dow, Nasdaq, Fear and Randomness

The market is approaching fearful heights, and people are looking for signs, especially from charts, however misused. Relax, this will be short, there's no need to be wordy, we have charts.

  The other day, I burst-clcked my mouse to a doomsday scenario where many claimed a 1987 Dow chart looked similarity to 2007, Black Monday being involved made the post even more sensational. After comparing the charts from 30 years with image recognition, 1987 had no resemblence to 2007. You see, in the CHART the closest remsemblence was from 1991, which was the beggining of the bull market. From the charts discovered, 69% of the most similar charts are trending up, a significantly positive number.

Today, a tech site claims the end is near for dot-com with a price chart showing 2007 similarities to the dot-com bubble time period. I scanned 30 years for 15 of the most similar CHARTS using image analysis, and determined the current Nasdaq composite doesn't resemble the dot-com bubble charts,  ironically, the most similar chart is from the initiation of the bull market from 1993. Furthermore, there are no significant historical causality , 53% of the most similar charts are trending up, might as well flip a coin.

Stare at charts long enough, and they begin to resemble each other. Searching for similarities in charts are best left for machines.

Note:
Red price chart represents NOW, and the green price chart are the most similar from the PAST, ordered left to right from most to least similar.