That, at least, is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. Yet the market over the past two months has continued to more or less closely follow the pattern outlined in that two-months-ago chart. If this correlation continues, the market faces a particularly rough period later this month and in early March. See chart, courtesy of Tom McClellan of the McClellan Market Report; he in turn gives credit to Tom DeMark, a noted technical analyst who is the founder and CEO of DeMark Analytics.

One of the biggest objections I heard two months ago was that the chart was a shameless exercise in after-the-fact retrofitting of the recent data to some past price pattern. But that objection has lost much of its force. The chart was first publicized in late November of last year, and the correlation since then certainly appears to be just as close as it was before.

To be sure, as McClellan acknowledged: So there is no guarantee that the market has to continue following through with every step of the pattern. But between now and May , there is plenty of reason for caution. Tom Demark added in interview that he first drew parallels with the period well before last November. Another objection I heard two months ago was that there are entirely different scales on the left and right axes of the chart.

Stock Market Crash Of

You can still have a high correlation coefficient between two data series even when their gyrations are of different magnitudes. However, what is important, McClellan said, is that the time scales of the two data series need to be the same.

And, he stressed, there has been no stretching of the time dimension to make them fit. One of the market gurus responsible for widely publicizing this chart is hedge-fund manager Doug Kass, of Seabreeze Partners and CNBC fame.

In an email earlier this week, Kass wrote of the parallels with DeMark is even more outspokenly bearish. You may still be inclined to dismiss this. But many more were laughing last November when this scary chart began circulating.

Not as many are laughing now. Click here to inquire about subscriptions to the Hulbert Sentiment Indexes. How to invest like a cockroach.

Stock Market Chart On Track For Next Great Depression? | Off The Grid News

Mark Hulbert has been tracking the advice of more than financial newsletters since By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy. Intraday Data provided by SIX Financial Information and subject to terms of use.

Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U. Intraday data delayed at least 15 minutes or per exchange requirements. ET Updated Stock market ends mostly lower as oil slumps.

Updated British pound bounces back after sinking to 2-month low. Five Prime Therapeutics founder, CEO to step down. Steelcase shares plunges after company's earnings miss.

President takes Georgia victory lap, talks terrorism with Saudi prince. Sears shares close Wednesday down 5. Penney shares close Wednesday down 5.

How big is bitcoin, really? This chart puts it all in perspective. Updated Amazon Wardrobe is another blow to department stores. Oracle soars toward record highs after earnings beat. Cozying up to consumers in the face of competition from Adidas, Under Armour. Home News Viewer Video SectorWatch Podcasts First Take Games Portfolio My MarketWatch. Retirement Retire Here, Not There Encore Taxes How-to Guides Social Security Estate Planning Events Columns Robert Powell's Retirement Portfolio Andrea Coombes's Working Retirement Tools Retirement Planner How long will my money last?

Economy Federal Reserve Capitol Report Economic Report Columns Darrell Delamaide Rex Nutting Tools Economic Calendar. My MarketWatch Watchlist Alerts Games Log In.

Dow Jones - Year Historical Chart | MacroTrends

New York Markets After Hours Market Snapshot Winners and Losers. Home Investing Stocks Mark Hulbert Get email alerts. Scary market chart gains traction. By Mark Hulbert Columnist.

Historical Chart Gallery: Market Indexes - edegawiwajy.web.fc2.com - Free Charts

More must-reads for you: Related Topics Investing U. Stocks Mutual Funds Exchange Traded Funds. APR Last Week 6 Months Low Interest We Want to Hear from You Join the conversation Comment. MarketWatch Site Index Topics Help Feedback Newsroom Roster Media Archive Premium Products Mobile. Dow Jones Network WSJ.

Dow Jones Industrial Average DJ-Index: