TheBanker
Short

Dow to get 23k before crash

DJCFD:DJI   Dow Jones Industrial Average Index
Morning guys,

Wishing you all a happy weekend - I will not be free much this weekend so wanted to share this chart this morning. The eurusd call was completely as expected which was brilliant for us all, please see the related idea if you have not already plenty more opportunity before we reach parity. There are still plenty of people who continue to think inflation is bad and rising interest rates. Deflation has done nothing to help the European economy. All they keep doing is reading their text books from school.

The Dow has made a thrust up to the late 19k level. We can see technically, the market has closing resistance at 19576 level with the next level up at the 19731 area. I suspect that the majority of the retail public will start to jump in after 23k is exceeded on the Dow. They will keep expecting this to "end any day now" and we may yet get that Phase Transition after getting through the 23,000 level.

The highest PE Ratio took place in 2009 during the crash - not a bull market. Why? Smart money just wanted to park in blue chips. There are times when you just want to park your money when banks and bonds are not a place to be.

Volatility will rise next week, we could pause, retest support then turn back up into January. There is a risk that we then have a correction.

Naturally these moves present great investment opportunities, more on this to come.
lol
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you copy someone else's work and pretend it's yours. What's the point?
+2 Reply
@AlbCM, WHY DO YOU SAY THAT?
+1 Reply
@AlbCM, Could you enlighten us more?
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AlbCM TheZabisyu
@TPparadigma, this guy simply stole so called "nice analysis" from another salesman almost word by word. I am not going to mention his name because I don't want to advertise con artists. But anyone can google any key word from above to find out the source.
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Nice analysis. Thanks for sharing
+1 Reply
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