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SPDR Dow Jones Industrial Average ETF Message Board

  • mstrswimmer mstrswimmer Dec 19, 2013 3:52 AM Flag

    Topping Out

    The DJIA doesn't have this message board, so let's put the message here. It really looks like this could be the top. The DJIA upper trend line from 1999 puts us right at a top, draw the line yourself with a ruler. I'm betting on a good correction from this area. It's FAZ and TZA for me.

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    • Hmmm....bad call on your top. We've gone up several hundred points since then. Now 16,500 seems like a legit top with all the frenzied buyers and HFT's. When it stops around Jan 6th, and the musical chairs kick in,look for the exit stampedes as we'll get a long awaited correction of at least 7-10%. Looking for a Dow 15.400 by March.

184.83+1.01(+0.55%)Aug 29 4:00 PMEDT