Grim 1978 October Pattern Returns

Dow performance projections have degraded further for this month to a significant 50%, we may see a re-test. The October 1978 pattern is back (Fig. 1) -- stock up on the motion pills. Bear in mind, what ocurred after; returns from Oct. 31, 1978 to Oct. 31, 1979 was +41.26%. The two month projection is also weak at 61%. The upside? The the 3 month projection is 92%, and the one year is 76%, perhaps, a light at the end of the tunnel.

Fig. 1 October 1978, the 15th most similar chart pattern to the Dow's current chart

We are here

We were here before

And we may go here again