Markets continued to surge last week, racing right back to new record highs for some indexes. With the month of October behind us I am updating my Dow 32000 scenario, which just refuses to go away, and we will also look at potential causes for a final mania. But first we take our weekly look… Continue reading Dow 32000 remains on track
Tag: Dow 32000
The case for Dow 32000 Updated
Here are some updates on a series of long term charts I posted last year. Interestingly the case for Dow 32000 is still alive and kicking. Who would have thought? Let’s start with the Dow going back to 1928. This is a very large image, so click on it to see the full detail: The… Continue reading The case for Dow 32000 Updated
Is the breakout for real?
Stocks have pushed to new highs in rather convincing fashion. Is this a real breakout, or a just blow-off top? Here is the current chart for the S&P 500 (click for larger image): Our lunar red period has not stopped the recent rally and the S&P 500 chart is showing a clear breakout from the… Continue reading Is the breakout for real?
Can we avoid Dow 32000?
Stocks reached new record highs last week, right at the end of our lunar green period. That marks the first solid green period in quite a while and suggests that normal lunar cycles are coming back. I think we will see a pullback in the current red period, but probably not as deep as many… Continue reading Can we avoid Dow 32000?
The case for Dow 32000
If you look at a long term chart of the Dow Jones Industrials it is interesting to see how symmetrical the advance since the 1932 depression lows has been. You could turn the chart upside down around a point in late 1974, and it would look almost exactly the same. This chart lines out some… Continue reading The case for Dow 32000
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