Hewison Video Comparing 1929 Dow Jones to 2010

Feb 10, 2010: 2:19 PM CST

There’s been a few posts recently connecting the Dow Jones index of 1929/1930 (crash and recovery) to that of today, and I wanted to share a link to the most recent video update by Adam Hewison who takes it one step farther than I have in my update posts on the comparison.

Entitled “Dow 1929 = Dow 2010,” Adam posts a quick six-minute video showing the 1929 crash then 50% retracement… and what happened after the rally.


(Click on image above to link to video page)

Adam also takes a moment to share the current “Trade Triangle” weekly signals from Market Club (of which I am an affiliate member).

While I didn’t go as far as Adam to show what happened after the rally, I did a similar post recently that compared the two periods:

Eerie Line Chart Similarities Between 1929 and 2010

While this is nothing to panic over yet, for now it stands under the “Hmmm, that’s interesting” form of analysis rather than calling for an imminent crash.

Corey Rosenbloom, CMT

12 Comments

12 Responses to “Hewison Video Comparing 1929 Dow Jones to 2010”

  1. keithpiccirillo Says:

    Video stopped at 50 seconds.

  2. Corey Rosenbloom, CMT Says:

    I was able to watch it twice – the second part gets into the current market, signals, and Fibonacci retracements.

    Try a refresh on the browser. I'll contact them if the problem persists.

  3. keithpiccirillo Says:

    OK made it through on the 2nd attempt.
    Yes, it is scary. LOL.

  4. chriscrowther Says:

    Corey,

    I'm bored of this and don't understand why you think this guy is so good. If you look at what he's said (and I know because I signed up to his service) over the last 12 months he has been almost comically wrong. Do you remember about posting the 15 bull traps that never turned into traps – the whole way I've been told I was wrong and still am. I'm not. The constraining factor is energy. Hewsons inflation will not occur other than commodity based.

    There's no doubt he's one hell of a personality and an entertainer but as far as the markets go the he's awful. I personally after much entertainment don't understand why you rate him so highly. Can you explain???

    If you can I have a model of how he has performed (and at a fee) against the market over the last 12 months on his videos which I will provide on request.

    The results are unfortunately entertaining rather than profit making.

    Chris

  5. Corey Rosenbloom, CMT Says:

    I don't post all the videos Adam does, only the ones that either complement the analysis I'm doing, and there are times we will do posts about the same time, just like this one. I posted previously about the comparisons and then he posted.

    Some of the readership enjoy videos and I do not do videos, so that's the main reason. It's another way to explain the concepts.

    Another reason is because I tend to stay on a deeper level of analysis and sometimes miss the basics like a breaking of a major trendline and Adam – whose public analysis is simpler – picks up on these things and sometimes I'll do a link to those posts.

    Again, I don't link to all videos, particularly the analyses with which I disagree, and I cannot speak in any way to the performance of Mr. Hewison.

    I do thank you for your input though – it is appreciated.

  6. Corey Rosenbloom, CMT Says:

    Also, my posts were on Bear Traps, not bull traps.

    A bear trap is a confirmed sell signal like the break of a moving average that then results in a sudden up-surge as the bears – who just got short – are stopping out.

    There were more signals that failed that I noted – my point was that sellers are getting trapped left and right, and the better strategy is to play the traps, not take the bait.

  7. keithpiccirillo Says:

    Video stopped at 50 seconds.

  8. Corey Rosenbloom, CMT Says:

    I was able to watch it twice – the second part gets into the current market, signals, and Fibonacci retracements.

    Try a refresh on the browser. I'll contact them if the problem persists.

  9. keithpiccirillo Says:

    OK made it through on the 2nd attempt.
    Yes, it is scary. LOL.

  10. chriscrowther Says:

    Corey,

    I'm bored of this and don't understand why you think this guy is so good. If you look at what he's said (and I know because I signed up to his service) over the last 12 months he has been almost comically wrong. Do you remember about posting the 15 bull traps that never turned into traps – the whole way I've been told I was wrong and still am. I'm not. The constraining factor is energy. Hewsons inflation will not occur other than commodity based.

    There's no doubt he's one hell of a personality and an entertainer but as far as the markets go the he's awful. I personally after much entertainment don't understand why you rate him so highly. Can you explain???

    If you can I have a model of how he has performed (and at a fee) against the market over the last 12 months on his videos which I will provide on request.

    The results are unfortunately entertaining rather than profit making.

    Chris

  11. Corey Rosenbloom, CMT Says:

    I don't post all the videos Adam does, only the ones that either complement the analysis I'm doing, and there are times we will do posts about the same time, just like this one. I posted previously about the comparisons and then he posted.

    Some of the readership enjoy videos and I do not do videos, so that's the main reason. It's another way to explain the concepts.

    Another reason is because I tend to stay on a deeper level of analysis and sometimes miss the basics like a breaking of a major trendline and Adam – whose public analysis is simpler – picks up on these things and sometimes I'll do a link to those posts.

    Again, I don't link to all videos, particularly the analyses with which I disagree, and I cannot speak in any way to the performance of Mr. Hewison.

    I do thank you for your input though – it is appreciated.

  12. Corey Rosenbloom, CMT Says:

    Also, my posts were on Bear Traps, not bull traps.

    A bear trap is a confirmed sell signal like the break of a moving average that then results in a sudden up-surge as the bears – who just got short – are stopping out.

    There were more signals that failed that I noted – my point was that sellers are getting trapped left and right, and the better strategy is to play the traps, not take the bait.