Unless you live in a cave, your most likely well aware the stock markets around the world have been soft the past few months. The chart below looks at the Dow from a 50,000 foot view, going back to the 1920’s.



As you can see the Dow has spent a good number of years inside of this rising channel. It broke above the channel in the late 1990’s and become support at the 2002-2003 lows.

In the 2007-2008 time frame, once support broke, the Dow fell hard for a few months.

Now the Dow is testing 70-year channel support this morning.

Carl Icahn has expressed concerns that the stock market could fall a large percentage. See Carl’s concerns HERE

Support is support until broken and the Dow right now it hitting one heck of a support line.

Should this support fail to hold, the little boys comments above, say it all!




How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past