Everything that happens once can never happen again. But everything that happens twice will surely happen a third time. -Paulo Coelho This Dow Jones Industrial Average (INDEXDJX:.DJI) chart shows a possible 13-year Megaphone Top pattern which is sometimes called a Broadening Top. We’ve walked through the significance of the 13-year cycle many times in this space but to recap briefly: 1) From the major October 1974 bear market low to the 1987 top is 13 years. 2) From 1987 to the 2000 top is 13 years. 3) From 2000 to 2013 is 13 years. 4) In addition from the 1929 ...![]()
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