Tuesday – Feb. 10th Is The Likely Final Top For The DJIA
For all intents and purposes, the stock market has already topped out. Tops, unlike bottoms, are more of a process, than an event. That topping process, is pretty much complete. The final “hook”(term from Joe Granville) is likely to be a splashy, new ATH in the DJIA that makes major headlines. I believe it will occur in the next couple of days, (possibly, as soon as today, but more likely, probably next Tuesday, Feb. 10th) with a huge gain in the DJIA, possibly even closing at or near 50,000.
Looks like the Boyz are gunning for 50,000 today. If so, something big could be occurring over the weekend. Attacking Iran or something negative in the financial sector? If we get that close, you want to be long gold & silver and short stocks and Bitcoin. Today is your classic “dead cat bounce.”