Thursday, July 8, 2010

PUSH TO KEEP DOW ABOVE 10,000...

DOW 10,000 COULD BE AN INTER-GENERATIONAL NUMBER...LIKE DOW 1000 WAS...

PRESENTLY THE MARKETS ARE MORE ABOUT "THE GAME" THAN ABOUT THE ECONOMY OR ANYTHING ELSE...

LITTLE OF VALUE FROM THE LAST FEW DAZE...SHORT COVERING...IN OVERSOLD MARKETS WITH PERHAPS A LITTLE PPT...TO ACCOUNT FOR THE ANOMALIES...

NOTE ON ...THIS CHART....HOW THE DOW "FROZE" AT 1000 FOR NEARLY 20 YEARS...FROM 1966 TO 1986...AFTER THE 60'S BULL MARKET ENDED...!

ALSO NOTE THE NASTY LONG TERM HISTORIC "HEAD AND SHOULDERS" TOP AS THIS CURRENT BULL MARKET WINDS DOWN...

WHICH IS NOT UNLIKE WHAT HAPPEN FROM 1920 TO 1940...!!

READ IT AND WEEP...!