Lorne points us to this comparison between the 1929 Dow and the 2000 Nasdaq, overlays some fib retracements, and wonders if history isn’t repeating itself:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdwQR3pFpINlC6N47xdu_shECiyG_ka9ha1KI73DtwpzSDdnt0alYj6kRlOC4ynQRVXfDnUADqYpqCCA0aHShkTs5UVM1gP3OTrbxKnYfqkZCngWOdC-TauW0uKpo457jqnHxZ585iOMYl/s400/history-repeat.jpg)
If this correlation proves itself correct in the future it looks like we're in for a rocky road ahead. Here are a few short plays I'm watching for a move to the downside.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQzPjJzzAelG-G-_TEZo9jg2tI_s-fc__tYUOnfKdm6paz484ALivDCD1EWG_bmQK0EYea7NJ9bm00V5qVuOoWCNmMgJbthZ5fUqxBWUUgPn7dvuiJuD23KZ0nmjwPOkUHOpl3TgI9lZGc/s400/TASR.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZPQNlBmscoKXwYhDkAVc3sUt2wv6-sZhejzGvmZFi8-KpgpB4LpU_MH2Lt2b-QmTSaq4AdykOnaJsqsVObwMArEMC7uPJwE9EqhtC1RGEtS24SV9PwuAQ9iIv_mc7ZNsPp2gfSueDsSRT/s400/hmy.png)
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