Also of significance are the levels upon which the DJIA plateaus:
1906-1941 (35yrs) it was stuck near 100.
1966-1982 (16yrs) it was stuck near 1000.
1999-? it was stuck near 10000.
I suspect this partly has to do with human psychology, the fear of going to far too soon. To reach the next level it needs a strong catalyst, like the end of WWII.
up against resistance again, page-49
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Last
8,164.6 |
Change
45.800(0.56%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,118.8 | 8,180.4 | 8,118.8 |
| XJO (ASX) Chart |