Could the Stock Market Test a Trend Line From 1842? (Chart)

Source: Elliott Wave International
I'm revisiting this long-term chart of the Dow, or specifically "British, then American stock prices", going back to 1700 via Elliott Wave International. I want to know if the stock market will test a long-term trend line using the 1842, 1859 and 1932 lows. From this research paper: "Stock Market Crashes, Productivity Boom Busts and Recessions: Some Historical Evidence" by Michael Bordo at Rutgers University in 2003 (via Council on Foreign Relations), this is what happened between 1840-1860.
"It is not clear that productivity-induced booms and busts describe many of the crashes cum recessions before 1914. The period from 1834 to 1843 encompassed the most serious recession before the Civil War (Temin, 1969). The Jacksonian era is identified by major investment and speculation in cotton, cotton land, and canals (1834–36). The boom was followed by a stock market crash and two banking panics (1837 and 1839), sovereign debt defaults by a number of states and, as noted, by one of the most serious recessions in history. Another serious episode that ocurred in 1857 was associated with the crash of speculation in railroad stocks." (read the full research paper by Michael Bordo at

And you know about the 1929 stock market crash and "America's Great Depression", a book by Murray Rothbard (via Mises Institute) about the 1921-1929 inflationary boom, excessive leverage in the stock market, margin calls and the Smoot-Hawley Tariff etc.