XJO 0.71% 7,783.0 s&p/asx 200

scalping vs longer term , page-32

  1. 2,473 Posts.
    ahuh - Exactly!!

    and both of those indicators tonight have indicated improvement.

    the knee jerk response from the DOW futures was to fall, dunno why, its pushing back up again now.

    I think we're gonna see some strong momentum up.


    One may laugh, BUT, I reckon we might (I said 'might') see 11,000 on the DOW before the year is out. In fact, I'm tipping once it breaches 10,000 it'll make a quick dash for 11,000. I say that for 2 reasons - several years ago when the DOW first breached 10,000 it powered on to hit 11,000 in a fairly short space of time. Last year the down breached 11,000 on the way down and then went on to breach 10,000 very quickly, in fact I think it was almost in the space of about 48 hrs. so it appears to be a space of pivotal acceleration. that of course does not mean it will be this time, but is suggestive.
 
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