BTC $64,298.00 ▲ 0.65% ETH $1,874.73 ▼ 0.01% USDT $0.9993 ▲ 0.02% BNB $598.75 ▲ 1.28% XRP $1.06 ▼ 1.18% SOL $73.97 ▲ 0.24% DOGE $0.0699 ▼ 0.69% SHIB $0.00000489 ▼ 2.35% PEPE $0.00000287 ▼ 0.87% BTC $64,298.00 ▲ 0.65% ETH $1,874.73 ▼ 0.01% USDT $0.9993 ▲ 0.02% BNB $598.75 ▲ 1.28% XRP $1.06 ▼ 1.18% SOL $73.97 ▲ 0.24% DOGE $0.0699 ▼ 0.69% SHIB $0.00000489 ▼ 2.35% PEPE $0.00000287 ▼ 0.87%
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Piyasa

DOW JONES Is this like the INTERNET BUBBLE all over again?

DOW JONES Is this like the INTERNET BUBBLE all over again?

Dow Jones (DJIA) has been replicating the Internet Bull Cycle in the past few years. This is no surprise as, like we've mentioned for a long time, the market is living the A.I. Bull Cycle.

What makes this case even stronger is that since 2018, Dow has been trading in an identical way as what followed the 1987 Black Monday crash. That was the event that initiated the 1990s Dotcom Bubble just like the 2020 COVID crash was what initiated the printing of insane amounts of new currency and gave way to the A.I. Bubble that we are still currently on (and potentially have another 6 years before it bursts.

As you can see, the structure between those eras is very similar, both starting off with a -40% flash crash event (1987 Black Monday, 2020 COVID) and then after a run they both had a -23.72% correction exactly on their 1M MA50 (blue trend-line). The eras continues with another long rally that had a pull-back to its 1W MA100 (red trend-line) and now we could be at the period where in 1994 Dow had a new -11.54% pull-back that touched its 1W MA100.

In the meantime, the 1M RSI sequences among the two fractals are also identical, potentially even more so than the price action. So does that mean that Dow Jones is about to pull back to its 1W MA100 again before having a mega rally that will touch it again in 4 years? The next 2 months should potentially give us the answer.

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