Tulips first. Between 1634 and 1637, the price of tulip bulbs in Holland soared 3,600%.
Next, South Sea Company shares in England in 1720, exploded 720% over five months, January to June. That's 235 times the annualized gain in Dutch tulip bulbs. Which proves Englishmen are madder that Dutchmen. The timing of these riots of exuberant confidence in previous centuries validate those of the 19th, 20th, and 21st which we are witinessing now. All end badly.
All red outposts cap the peaks of similar confidence-price runups which then proceed lower later, often by large margins. The magenta bar of 1637 is a harmonic of the reds and accordingly correlates with similar price behavior and epochal events which they evince over amplitudes of time.
All the bars can be calculated precisely from the pharaohs to Buck Rogers and validate price and related epochs with metronomic precision across the centuries.
Reversals in trend occur about every three years. This is useful to know.
Written
6/29/2009--7/6/2009
Posted
7/6/2009 11:15 p.m. EST
data through
6/26/2009
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