Market corrections such as the one that U.S. equities have experienced in the past couple of trading days are certainly nothing new. However, analysts at Janney found a technical pattern that is eerily similar to one seen during the bursting of the Dot Com Bubble in 2000.

All Eyes On China

It’s no secret that China is the primary source of most of the global market fears this week. After the world’s second-largest economy recently devalued its currency, China followed up with some weak manufacturing data last week, adding to market instability and fears over China’s future economic demand.

Double-Take

After a close look at the trading pattern of the Shanghai Composite Index, Janney analysts noticed…

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