The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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September 25, 2012



Major reversals in '00, '07, and '11 were marked by RSI divergence in the weekly chart. There is not one to be found yet for the current time period.
The caveat is that the '00 divergence persisted for 5 years before prices finally reversed. The '07 divergence lasted 10 months and the '11 divergence only 3 months. It is possible that the next one will not show up in the weekly chart without a new high versus '07.

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