1984 v 2011

Though not quite as striking as the 1937 v 2011 analog in regard to shape, the 1984 correction matches many pivot points with today's crash. Note that 1937 and 1984 both end with the same result, a final run down after three camel humps.

1937:

1984:

2011:

Note that 1984 does not contain a distinct "golf club" from point C to point D but it was close. Unlike 1937, 1984 contains two humps before the crash although G was higher than E - the opposite of the 2011 crash.

What is notable about 1984 is the bottom of the crash. It contains 3 distinct humps just like 1937 and today but the second hump is a 3-wave (points 4,5,6) just like today. The rally from 7 to 8 is also "jagged" just like today.

The 1984 correction is more to scale with our current market, dropping 14% in the crash versus 18% for our own crash. Note also that point 4 is about the same distance from point D in both 1984 and 2011.

I think it's notable that 1937 and 1984 continued on with the same pattern as well: two humps and then a strong rally into a sideways market. Their courses diverged a few months later when 1937 plunged to retest the bottom while 1984 rallied into a phenomenal bull market.