"I don't know why also that suddenly some say that when the DOW has come to its previous top that a new top can't be made - one does not necessarily preclude the other - history tells us this."
vvg26.. Ofcourse a new top can be made.. the 5th wave which is the last wave of the broadening formation can take us all the way up to DOW 15000..BUT the volumes are just not there.. decreasing volume since 08 is not a good sign.. We need to get above DOW 13000 and do it soon..BUT imo there isnt much upside left.. most euro indices are just below there major resistance levels.. U.S included ...
To conclude.. oil is rising..europe is printing money that wont be paid back imo..they have zero growth and mounting debt..the U.S is even worse.they have 16 trillion debt and walt disney growth figures..there bonds are screaming depression.. and i am predicting DOW 8000 by end year.
god bless.
penny & maxi's - cheeky old flames - friday, page-53
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Last
8,300.2 |
Change
15.000(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,285.2 | 8,317.7 | 8,244.3 |
| XJO (ASX) Chart |