Dow DEFINITELY looks good to 9000

[harrytrader]

The normal target of consolidation for 9002 is 8572 on hourly scale and then 8527 on daily scale so I won't hold long position because if this consolidation turns into a correction ...
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=257230>

 

[dgmodel]

Quote from harrytrader:

On higher scale I have even more than 9000 (I think it's 9250 or even more I must check)

yes same here that is why i said 9200...

 

[hardrock375]

Quote from Jesse J.:

After extensive analysis, I am SURE the Dow will rise to 9000 in the next few weeks.

I am so sure avout this, I am willing to stake my reputation on it.

That's right, I will leave ET if it doesn't happen.

JJ

I was not watching the market on Friday, did the DJIA make it to 9000?

Someone please help me out here.

 

[Jesse J.]

READ what I said, a few weeks. I think a week is 7 days, isn't it?

this board is full of half brains (and I'm being kind).

 

[indahook]

Quote from Jesse J.:

After extensive analysis, I am SURE the Dow will rise to 9000 in the next few weeks.

I am so sure avout this, I am willing to stake my reputation on it.

That's right, I will leave ET if it doesn't happen.

JJ

So how many weeks is a few Jesse? 2 or 3 weeks?

 

[Jesse J.]

I'm making my predictions "babak style" from now on.

A few weeks is, a few weeks.

 

[mskl]

Quote from Jesse J.:

After extensive analysis, I am SURE the Dow will rise to 9000 in the next few weeks.

I am so sure avout this, I am willing to stake my reputation on it.



That's right, I will leave ET if it doesn't happen.

JJ

You then clarified the time period by saying:

Quote from Jesse J.:



Yes, by May 23rd the DOW will be at 9000



JJ

Jesse,

why are you still here??


less than 250 points away - we could be there in the next couple of days. timing is everything.

 

[Jesse J.]

for pointing out the incredible accuracy of that prediction.

BTW, you neglected to put it in context of why I defined a time period. It was b/c we wanted to "test" babaks unwavering bearish position vs. my moderately bullish position. And we decided that by 5/23 we would see who's right.

I guess I was.

 

[limitdown]

we have bounced around, and are at 8753.63 +152.74

the question is should we risk our money, and expect that we'll have continous +100 point days consistent with making the 9000 come true?

given that we're only 246 points away, we are far more likely to achieve this, than when we were struggling to maintain Dow 8500.

whether we make it or not, its a time to reconsider and readjust your spreads...

there are those who think this is an extended short squeeze, and will be repositioning for a correction downwards

there are those who think this is a slow grind upward and squeezing the shorts will continue to provide further impetus for gains in the Dow...

then there are those who simply trade and profit either way...

 

[klutz]

and then there are those who simply blah blah blah blah blah blah blahbak blahbak blahbak...........you mean Babak? surely not!