ironmaiden
Long

Expecting the Dow to stop rising?

CBOT:DJ1!   DJIA
13 0 0
Why do we forget Charles Dow’s testaments even when looking at his offspring? Or at his benchmark index? Everybody is waiting for the Dow to enter a correction, a steep decline of sorts…but the monthly chart shows two strong rising trends. And the Fibonacci target is 19,000, so my advice is not to try and outrun the locomotive. The trend will most likely gain traction rather than die out.
I would appreciate your vote for my forecast using the hyperlink: http://s30707642478.whotrades.com/blog/43702451845. Or let’s fight fairly in the currency market forecaster competition.
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