Expanding Triangle a Long Term Look

This is a Chart of SPX 500 from 1950 to 1975. After a long rally from 1950 this chart shows an Expanding Triangle that lasted 10 years.This period of history represents a major Redistribution of Social and Economic Wealth within the United States. Beginning with the end of the Korean War to the Cuban Missel Crises The Viet Nam War. The Great Society of the late 60's. The NASA Space Program. The advent of the PC and the first big Oil Crunch and finally the movement of The US Manufacturing base to the Pacific Rim. From the "E" position the market trend was sideways (digesting the redistribution)until 1982 another 8- 10 years.


The second Chart Of The DOW shows the huge growth of the beginning of the Technoligy wave the Internet and the opening of Markets around the world. This was marked by begining of the Cell Phone and the Internet and the Development of Stock Markets in countrys outside the US and Europe.

The Second Expanding Triangle Represents another Major Redistribution of Social and Economic wealth on a World scale. This past Year as a world society and people, we are just now becoming self aware of how interdependent each and every country has become. WE are all looking at the world we share in a new light.

I believe this expanding triangle Consolidation will now trend sideways for the next 8-10 years rotating around the white shaded area. A period of time for the world to digest this global redistribution before a new trend will resume to the upside.

NeboXian's Butterfly Chart Pattern

Spx chart

Seriously, I have never heard of or found a butterfly pattern in the books.
But it is interesting.

My take on this.
There is an asymmetrical triangle on the left and an expanding triangle on the right .

Bulkowski's sight explains expanding T's.
Both are continuation patterns but expanding T's can also be reversals.

The asymmetrical triangle on the left is a continuation to the up side.

The expanding triangle on the right looks to me like it could be a continuation to the up side or a reversal to the down side.

I don't really have a firm opinion here.
I just thought it was interesting and gave it a name NeboXian's Butterfly and wanted to share it with you.