Loading ...Dow 100,000
For Parabolic Chuck.
The Dow has dropped to almost its 200DMA ( down about 14% from the Top)
It was due !
Can you see this on the 100 Year Chart ?
Notice the 50 Month Moving Average on the 100 Year chart…it will be support during this 3rd Impulse Leg Up
Take it to the Bank !
Beautiful. Love it. 🙂
I think this one may be a little faster than the previous runs but to be determined for sure!
So how does this jive with the everything bubble we are in? Do we get a crash that does not drop below the rising trendline, (or even come close) or do we just keep borrowing to infinity with no consequences? That’s the conflict I have between the technicals and the fundamentals. At some point the technical has to represent the fundamental.
Maybe there is NO Bubble….just an impulse move . We could have a 1987 styl crash to the 50 Month MA and still be in a strong uptrend.
that’s 19,000 Dow….would be about a 25% cleansing.
The $US has already lost 14% of it’s value since Jan 2017 so in real world terms the DOW is 20,000 just where it was in Jan 2017… sideways for 15 months!
The problem with fundamentals is you must have taken into account all the fundamentals. I takr martin armstrong’s view that the biggest bubble is government bonds. With so much money trapped in bonds and having no where else to go, why worry about money not going to stocks?
If is what it is then buy ROCKS the 100 baggers. Go Spock!!!! The only game in town!!!!
Today saw DOW/Gold drop like a rock. If DG goes to 1:1 Gold will be 100K.LOL!
But what about Bo Polony? (Just kidding Fully)