Thread: Dow support

Todays high signaled another upswing. Can we expect a test of the all-time high of 11650?

Dow at 11543.32 to start 11650.00 all time high can she make it?

The Dow all-time high is 11,722.98 achiedved in Jan'00. We have been building a base for the last 2.5 years to blow through this overhead resistance. Look for Dow 12,600 by the end of the year.

Sorry Birchtree since the fall in May. My hindsight didn't go back 6 Years. Thankx for setting me straight. Mayday

The S&P 500 respected resistance at the May high of 1325 We are at 1314.78 we may test this resistance again today. Support with-in the channel 1260

You'll have to rethink this one now - suggest you stay on your toes. Someone mentioned to me that I should not have told you the Dow would end the year above 12,600 - but gosh I have to stand by my noise. Simply stated a thousand points in the realm of all things considered is very doable. Especially if we are in the early stages of a new 4 year cycle first quadrant. Now the more people who are nonbelievers the better the ride will be off the pad. Snort.

We are looking at an upper channel of the S&P 500 at 1360 support at 1275 we are currently at 1336.34 The dow upper channel looks to be 11700 support in this channel 11530 currently at 11669.39 Both the dow and S&P 500 are in the upper regions of their respective channels. Mayday

And do you think arbitrary channel lines will contain the bull - think again. You'll soon see what a breakout looks like - straight up baby.

I'm all for it Birchtree but let me play with my charts anyway. At least it keeps me looking. Hows Christmas in October sound?

The Dow broke through resistance to form a new all- time high at 11850 a strong bull signal. A retracement that respects the new support level 11750 would confime the breakout.

What are we 750 points away from 12,600 - maybe I should be more generous and raise my target. Nah, I'm not going to push my luck, I learned as a young man that prudence is the better part of valor. But I'll be there waiting and doing the somba.