The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.

“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.

The Dow retreated 457.33 points, or 4.5 percent last week, to close at 9,686 Friday. Guppy said a Dow fall below 9,800 confirmed the head and shoulders pattern. [SOURCE]

Wow, this is really scary. Although I didn’t live to see the first great depression, I’ve seen pictures and they were far from flattering. I really hope we bounce back from this, although prophecies say that this country (America) is going to go completely broke.

What do you fear if this happens? I fear not having money, food, and shelter to support my daughter. Not to forget to mention living without my laptop. Agggh.