DOW pattern for 2016

The graph shows the performance of DOW INDUSTRIALS since 1995.

 

Human institutions, like nature, are creatures of pattern. Expecting this graph to repeat the patterns of the past, I draw two S shaped curved lines linking the expected bottoms and tops for the coming period.

 

I expect the downtrend to continue for the entire of 2016. A further 7% will be lost in this Bear Market, bringing this  index below 15.000.