17828 is a fib extension of the previous leg; just as 2007 was...

17828 is a fib extension of the previous leg; just as 2007 was on the one before that. It is also significant on a few other ways; either side of it would be significant - but further up is most definitely a bubble IMHO and means historically it will likely be revisited later. It has made for some profitable trading regardless.

I reconcile performances with large reportable funds. Soros' fund (by way of example) has gone from reporting $2Bn in Dec2007 to $13Bn in Sep2014. I'll weight far more importance on what he does than anything said on any forum. All the popular bank names trotted out in MSM are laggards.

Significantly larger players than GS have been rebalancing their positions in big names of late. But smaller funds have a sleeper factor (like Soros) and fly under most radars.

Trade what you see, not what a forum tells you. The 30 components in DJIA explain enough for me.