Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Dow Prospects for the Breakout

    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12

     Dow Prospects for the Breakout Empty Dow Prospects for the Breakout

    Post by Lobo Mon Jul 18, 2016 4:01 pm

     Dow Prospects for the Breakout DJIND-W-7-16-2016
    QUESTION: Marty; You said we could see new highs form in 2016 for the Dow, but the breakout is more likely in 2017. Has that changed?
    BD
    ANSWER: We will be updated the share markets shortly. No, that has not changed yet. We did not elect the Quarter Bullish Reversal at the end of June. We warned if that were elected, then we could see the 20,000 level by September. We are fooling around with the first major resistance level at the 18500 zone. It is possible that we could punch through this resistance to reach the 20,000 level and then back-off one more time before we get the breakout of Phase Transition.
    Keep in mind that the new high in 2016 marks the first stage of 7 years up from the 2009 low. This does not appear to be the final high. Still, there can be a scare with a retest of support for the fall. We have 2018 and then 2020 to look forward to and the volatility should begin to rise in 2017.
    https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/dow-prospects-for-the-breakout/

      Current date/time is Fri Mar 29, 2024 4:57 am