![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmrkkof7sD7tSJ9xLxikr01a_g-9hliO_EKpKpgLpU4jo83iIQqmx9lMqtfrYwdRAODBYyhxLX6xLwMtxXDH4A4DQEbUJeTrRj0d4YrjQeIN56bUGsIw9jFOQ8slPtUT8ERHPM/s400/Dow112108.gif)
This past week, the Dow Jones Industrial Average traded about 34% below its 200-day moving average. This eclipses the oversold conditions from the post WWII era. Indeed, as the chart above indicates, since 1902 we've only had one period of greater oversold conditions: the Depression market of 1932. Looking for market bottoms using historical analogues from modern markets has been hazardous to investors' wealth.
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