I dont know for sure. But i can say this, if the S&P makes a new all time high before 3, it will run to about 2025. That means Dow should break 35 . But im not sire we will have enoughh time to make the time limit. I remain hopeful but not positive. Good news, Dow is headed higher. Cmon S&P 2012
AS i was typing that the market broke above it. So tomorrow is now even more likely to be an explosive day. So long as the Fed does nothing stupid .
Looks like it is setting up to just wait for the fed meeting tomorrow to make a move. Its not likely we get hat down move but its all up to the fed. Dont change the wording..
Resistence is strong. Need a push.
Damn, couldnt make the higher high. Looks like this fed meeting is running us through the crapper. Wish they would hurry up and get it over with..
Just need the S&P to back Dow up now. An announcement the moment the S&P decides to rally would be perfect! Still waoting on the rally though. It has every right to go back and hit 1976 to 1970 again. I believe 1976 ish to be the new line i. The sand before long. Dow looks ready for a break out.
Good to be back! Sidelines is for the birds but much less stressful lol. I had a pretty good idea that 1970area would hold. She looks willing and ready for a big take off to the upside. But i have a feeling that the Fed meeting and all the spooky talk is still getting shook off. When it goes, it should be deliberate and well defined. As always, im a Dow Bull. Holding will make money but im greedy. I only hop out when the trend on the S&P is ready for correction. I dont even trend Dow anymore, they announce things so randomely its almost pointless to try and figure it out. Some still do and track the MAs but i think ill stick to the S&P. Tracking. It pulls Dow in its direction most of the time. And hopefullly well get an idea of how big this up wave "if it materializes" will be. I see a minimum of 2015 up but as high as 2030 and beyond that i will be out but some predict 2050 forthis wave. But i have a feeling that this one , when completed, may get nasty. Hopefully Dow can rid itself of Buffet on this run. We shall see. Until the break out begins, its all just talk. Dont want it to slice through he 1970 area give or take a point or two.
Or will it break through. I sure hope not. Im invested for a bounce from 1970 and possibly new all time highs. The only problem lurks with the fed . The meeting ends wednesday. Let hope they dont change the wording on interest rates
Was wondering if monday would be worth waiting for but if i know Dow, i will get screwed by waiting. I know tye S&P wants 1971 before a likely rally back to 2000s. But Dow wants up now, so the S&P may drag dow down one more day, but i assume this, monday we may start low and by eod, Dow will come roaring back. If not Monday, then Tuesday so long as the weekend is calm overseas. Id rather risk losing some monday than missing out on a big ramp upbefore my buy goes in. Good luck
I guess once agin i was right. Could still get in lower than i got out. Crazy how that works. Again, im not the enemy lol. Im just a flipper. Im still amDow bull...
Interesting, lmao. Nah. Im out still but i did say it was likely a good entry point. S&P 2020 if it decides to rally. If not, 1970? If that breaks then 1900. Just the way it is .. I was busy buying millions of shares of an oil company.. Teco. Lol. A gamble but what the heck. Tired of playing it safe with Dow. And as for rwc saying 65. I doubt that will happen before eoy . But i have no idea where it will be come january. So im not saying it wont. But this qs earnings may be hurt by sanctions. So its not lookin good . Eventually i see Dow 70 plus for longs that sit and dont flip. Ill see whether today may be a good entry point. The market #$%$ out below 1990 again and pulled Dow down. But it showed its cards. It wants up but market could continue down. Getting in is going to be risky with all the war #$%$.
Ill be buying... 2020 and none of this pointless rocket chatter will matter. Evenhe is likely here because he wants to buy. We all know the price of silver will be more than double 5 to 6 years from now. All this becomes is a manipulated down stock piling event.
Today was a buy day most likely but i was too busy to make the decision. It could just as easily be an abc down and this was the markets B wave up with c down to follow. I was itching to pull the trigger but tomorrow is not a good day Sept.11. Sort of adds additional risk. Im still a Dow bull but the market looks so tired. It really needs a healthy correction. Not these 20 or 30 point ones. I have no real buy point. It depends on the S&P and wjere it finishes its correction. Technically, today could have been the end and 2020 /2030 coming? Im not going to risk it all unless we get a bigger correction. If Dow finds 56 so be it, but the market has to work hard to get there. Ive been buying other stock. Honestly, i dont see whay Dow wouldnt rally tomorrow. But i also dont trust the S&P. Will wait for a different price or a more certain chance of gaining.
Ok, so for those that actually care, watch the S&P. 1971 is resistamce, not 1960s. If the market haults hard at that level, buy buy buy. If it falls below, sell sell sell because the market will limely continue its fall. Just friendly advice for bulls and bears. If your still holding anything below 1971 and you lose more. If your lookin to buy, buy 1971 and have your stop at 1969. Simple trading. If it falls below, 1900 may be the eventual target.
I wish noone to lose money but dang thats funny. S&P below 1990 boys, looks like 1960s next. If that fails much much much lower . Good luck holders yall gonna need it
In the end, its all about the money. Not anyones opinion mine or anyone elses. Today is a good day for me " so far" i have too much money to be too risky now.. need to start conserving. Especially with this high market. 16.7 % i havent missed a whole lot.
Just curious because most of the bulls here bought in much cheaper. Good job. I say buy 55 because there is not an ounce of geo political problems that are screwing Europe which Dow depends on. Also. The market is not toppy. This bull run isnt 2000 days old and Dow is going to infinity. Dow wasnt 6 bux a share recently either. There arent hundreds of other companies with better divis. If the S&P corrects or crashes, it wont take Dow with it. And im sure Buffet will just sit back and let his divi disappear. Yep. Buy 55 . Oh, and elliotte wave theory doesnt work.. so dont listen to those guys. They're only billionaires. Good luck. Personally, i believe we will all make alot of money and most of us already have this year. Im just happy waiting on the sidelines. If a pullback should occur, count me in. But not until then. Lets see how soon it happens .