One thing for sure, this is nowhere near bear market.
Is the DOW about to accelerate upwards ?
Started by
ogm
, Sep 22 2007 10:07 AM
8 replies to this topic
#1
ogm
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Posted 22 September 2007 - 10:07 AM
You can leave the upside of this to your imagination.
One thing for sure, this is nowhere near bear market.
One thing for sure, this is nowhere near bear market.
#2
ogm
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Posted 22 September 2007 - 10:35 AM
I'll throw in this one too...
Did someone say double top ?
Did someone say double top ?
#3
n83
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Posted 22 September 2007 - 10:44 AM
ndx on log scale looks impressive but not on linear scale
#4
eminimee
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I don't care who's fur is flying...
Posted 22 September 2007 - 11:11 AM
When the highs are taken out...next level is probably around the 16000 area. ... but I still think we won't be making new highs imminently.....soon ....but not quite yet.
http://stockcharts.com/c-sc/sc?s=$INDU&p=M&st=1983-01-01&i=p33214295013&a=87051611&r=6600.png
http://stockcharts.com/c-sc/sc?s=$INDU&p=M&st=1983-01-01&i=p33214295013&a=87051611&r=6600.png
#5
ogm
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Posted 22 September 2007 - 11:15 AM
I think we'll make them next week. 2 weeks at most.
Daily chart has major momentum under it. And bears still swarming the polls.
I think downside here is so limitied, its not even worth considering.
btw, 8 DOW stocks hit new 52 week highs on Friday.
Edited by ogm, 22 September 2007 - 11:21 AM.
#6
slatedrake
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Posted 22 September 2007 - 12:18 PM
LOG - Looks pretty good
SAME TREND LINES IN LINEAR - Wow, looking mighty good
SAME TREND LINES IN LINEAR CLOSE UP - You tell me...
SAME TREND LINES IN LINEAR - Wow, looking mighty good
SAME TREND LINES IN LINEAR CLOSE UP - You tell me...
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#7
skyymaster
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Posted 22 September 2007 - 12:32 PM
We had 30+ years of consolidation 57-87 before the DJI want up into parabola. Unless the rules for consolidation have changed, I do not see dow 20k+ any time soon. Of course, I am not only using my imagination but some historical technicals as well.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#8
n83
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Posted 22 September 2007 - 01:53 PM
LOG - Looks pretty good
SAME TREND LINES IN LINEAR - Wow, looking mighty good
SAME TREND LINES IN LINEAR CLOSE UP - You tell me...
only ndx (referred to ndx) looks unimpressive on linear scale
nice charts though-g
#9
traderpaul
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Posted 23 September 2007 - 12:16 AM
OK, What is so scary?....Plot this with the price of gold.....Plot this with the average price of a house in CA.....Plot this with price of gas.....Plot this with a price of a year in college.....etcYou can leave the upside of this to your imagination.
One thing for sure, this is nowhere near bear market.
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
