In the spirit of providing examples of self similarity, I am posting two charts. These show intermediate degree waves in the DJIA in the past few months. Compare the top chart with the image placed beneath it of the DJIA back in April of 2007.
I think the similarity, both in structure and the fact that both the 2011 chart and the 2007 chart represent the first intermediate waves within a larger cycle degree bear market motive wave (2007 proved in fact and 2011 alleged by myself), is quite striking.
The vortex indicators, located under the charts are velocity models based on Austrian inventor Viktor Schauberger's observations of flowing water. The basic idea is that the ebb and flow of the progressive highs and lows of market's price levels provides an indication of both the strength and direction of the market. Comparing the qualities of these charts further demonstrates a correlation between the 2007 DJIA and the present market movement.
All the best,
W
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