In one of our old posts we compared BSE Sensex's double top of 2008-2010 with that of BSE's own double top of 1992-1994. Today we attach chart wherein we try to compare BSE's double top of 2008-2010 with double top of Dow Jones of 1966-1968.
If someone believes "History repeats itself" one should carefully check both charts and one can clearly conclude we are headed for long range bound (14000-21000 ??) consolidation phase of few years before Sensex can break its 2008 high.
If someone believes "History repeats itself" one should carefully check both charts and one can clearly conclude we are headed for long range bound (14000-21000 ??) consolidation phase of few years before Sensex can break its 2008 high.
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