Fractals Are Fun
Here's a 5-year chart of the DJIA:
Box 1 was copied and replicated exactly, though resized smaller, into boxes 2, 3, and 4.
To us it looks as though the actual path of the market replicated the path of the segment within the box below with very little variation.
We don't suggest this is necessarily indicative or predictive of anything, however we do note that along with this apparently repeating pattern there has been a major reversal sometime between February and April in each of the past four years.
We also note that so far this year a reversal has not occurred, there hasn't even been three down days in succession, and the market is at or very near the point in the pattern at which a reversal occurs.
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