The October 1929 crash anniversary.

October 24, 1929 was the day the Great Depression started.The crash of 1929, like the current global economic crisis, came after a prolonged period of economic growth.

October 24, 1929, known as Black Thursday, marked the first day of the crash with panic selling ensuing on the Dow Jones. This was triggered by predictions of an impending market crash, leading to a record 13m shares being traded.

On October 29, “Black Tuesday,” 16 million shares were traded and prices collapsed. The crash began a 10-year economic slump that affected all the Western industrialized countries.Panic selling brought Wall Street and much of the nation's financial market to its knees.

Then again on October 19, 1987, panic selling brought about the biggest drop in stock market prices ever, including the crash of 1929. More than 604 million shares were traded on this date in history.

The Asian Financial Crisis was a period of financial crisis that gripped much of Asia beginning in July 1997, and raised fears of a worldwide economic meltdown due to financial contagion.

The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.

So you need to pay attention to this whether superstitious or not.It's a 10 years cyclical affair.

History repeat itself...1720(South Sea Bubble),1825(Napoleonic Wars),1866(Quaker East Anglia, Overend, bank in distress second to Bank of England))

The Dow on Friday,23/10/09 is 20 market days to index furutes expiry.
Today is One Day to the Great October Crash 1929 Anniversary.

The Bull Pivot is now in danger of being pierced through.It has been hammered 3 times and the worst scenerio is now the pullback to October month MAV.Thursday must be the last call for Asian indicies,7 days prior to expiry.Thailand was given the crash a week earlier and this might be a prelude to other Asian bourses.