David L. Singer takes a look at the Dow Industrials, and says “As ugly as this chart is, it makes me want to be long, for a bounce… (with a stop-loss of course).”

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Dow Jones Industrial Average, 1996-2009
click for bigger chart

Category: Digital Media, Markets, Technical Analysis

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “Dow Jones Industrial Average: Long Term Chart”

  1. zebov says:

    Unfortunately, in this case I would not call 13 years “long term.” This correction (to put it mildly) is at least that long in the making. A once-in-100-years recession cannot be put to rest by looking at the Dow for the past 13 years. Take this chart back 100 more years and you realize that the 90′s is an extremely oddball decade.

  2. mlomker says:

    We’ll talk at 6000.

  3. Dow says:

    What if 6000 goes by in a blur…

  4. man, 2000-2 looks tame in comparison to 2007-009..

    but, I’ll concur, chart time-frame too short to be TBP..

  5. quiddity says:

    That dip for late 2002 is the result of the post-9/11 shock to the system and not any market/economic dynamic. Therefore I don’t see the trend line having any value whatsoever.

  6. VangelV says:

    If the Dow Theory is still valid the chart is screaming sell. Bounces should be used to get rid of positions, not to add to them. Of course, that does not mean that one cannot actually invest in a secular bull market because those exist at all times. While it could be a volatile ride, one could do quite well investing in the precious metal sector, fertilizer companies, and the agricultural sector.