It's 1931 again

[Ognir]

The Telegraph's lead economic writer, Ambrose Evans-Pritchard, has an interesting article  arguing that we are in 1931-like conditions:
* A big crash has already happened
* Things are very gloomy
* But we haven't been hit by the biggest crash, the "second leg down" which didn't end for a couple of years
What's he talking about?

Well, look at this chart:


As you can see, the 1929 crash was actually very small compared to the "second leg down" crash which didn't end until 1932 or 1933.

According to Elliot Wave and other chartists, a second - bigger - crash is on its way, just like Evans-Pritchard is warning.

[rodin]

Ah yes - but the correction into 1931 was a 3 wave ABC corrective move. The DOW mad a 5 wave recovery this time. Look for a 3 wave correction now JMHO

[LordLindsey]

Want to try this in ENGLISH this time?

LINDSEY

[CrackSmokeRepublican]

Found this one recently and that follows interestingly with the Charts above:
viewtopic.php?f=33&t=11215&p=42646#p42646