2008 or 2009

Transports Analog from 07-08 looks very similar. The question that most people are asking themselves is whether the February lows were the major cycle turn. Many markets put in convincing lows in Feb 2016. However, the damage was limited and very brief. Other markets are putting blow off type top's and with the interest rate cycle ahead, the question is whether that will repeat a similar 07-08 type situation. Look for more charts with historic analog's in the days ahead.