Errie analogy between current day Dow Jones Industrial Index , and the 1928-1929 DJII

Is there a major financial crash in our near future? You must check out this stunning analogy between the current day Dow Jones Industrial Index compared with the time period 1928-1929 leading up to the memorable stock market crash…
The pattern of stock price movements looks VERY close to the lead-up to the 1929 top.
A lead-up to just any old top is one thing, but the 1929 top was followed by a memorable decline, which makes it all the more worthy of our attention…

http://modernsurvivalblog.com/the-economy/major-stock-market-crash-in-january/

No surprise that MethChicken gets his news from "modernsurvivalblog.com".

It's all a dog and pony show. As long as stocks prices rise the market is healthy right?

The big players will siphon off the working mans 401k.

There are a couple obvious errors in that attempt at curve-fitting.
Saturdays were eliminated from the 1928-29 data, and the scales on the independent axes are completely out of relative perspective.
McClellan also has a bunch of other goofy "correlated" charts which tell similar stories for other assets.

Why not fit the chart to "temperature" or "immigration levels"?
Be careful of doom-porn and those who peddle it.

Nevertheless, belief can sway crowds, and considering how many traders make decisions based on chart patterns, anything is possible depending on how many people fall prey to such narratives.