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If you look at the 1974 crash and graph the daily DOW index and compare that graph to the current crash on a graph (go to google finance http://finance.google.com/finance?q=INDEXDJX%3A.DJI )....they are following the exact same pattern (in a shorter time span for this one which I attribute to the speed of technology these days)

Anyway, back in 1974, the DOW lost 55.1% of its value from the high to the low. Based on our high, we should (big should of course) bottom out around 7,771 if the trend continues before we pull out of this dive.

I know this may be slightly different, but the coincidence of the pattern is a little interesting. Here is a picture Where I compare the two.

View attachment 9024
 

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Us too! Down futures are down to -550 points. We actually triggered a circuit breaker so there will be no selling until the market opens.
Overt at the ticker forums (Karl Denninger's market board), there is a brand new thread following the futures.

http://www.tickerforum.org/cgi-ticker/akcs-www?post=68609

Here are a couple of choice comments:

"Is this an Oh **** day?"

"I'm flipping around the channels, and I've never seen such fear in their eyes. I'm considering waking my wife up to see this. We're witnessing history guys."


I'm following that thread closely.
 
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