I'm looking at this thing, and it probably has some topping formation it needs to complete before a huge fall, but it looks VERY close to THE top! I'm basing this off of the structure of the up move we've had since the bottom in 2009. I think 900 needs to get tested. First, though, 13500 needs to be tested. Those are minimum targets, I reckon.
I've read some interesting reports on other historical reasons why we are near a top, and here's one:
http://www.newsmax.com/Finance/MKTNe.../01/id/492699/
I'm interested in hearing from other members who have an opinion on the long-term direction of the Dow (US stock markets in general), and what reasons they have for their opinion. Maybe some other good reports they have read, or their own analysis.
I do not trade in the stock market, but it is always good to have an idea where the stock market is headed.
Let's share some thoughts in here!
I've read some interesting reports on other historical reasons why we are near a top, and here's one:
http://www.newsmax.com/Finance/MKTNe.../01/id/492699/
I'm interested in hearing from other members who have an opinion on the long-term direction of the Dow (US stock markets in general), and what reasons they have for their opinion. Maybe some other good reports they have read, or their own analysis.
I do not trade in the stock market, but it is always good to have an idea where the stock market is headed.
Let's share some thoughts in here!