How High?

dbphoenix · Jun 4, 2014

Wealthy Bucket said:
How far can the major indices go?

If you consider the NQ to be a major index, the upper limit of its trend channel is around 3780:

pinkman · Jun 4, 2014

Over what time frame?

I mean it's a certainty that we'll see 20k on the dow within 5 years for example.
In 50 years time, we'll be SO MUCH higher it won't even be funny!

Maverick74 · Jun 4, 2014

elitetrader50 said:
As high as if the USD goes to toilet paper.

I have a feeling with 19 trillion in USD debt the US gov't wants interest to be 1 % forever while making the USD turn to toilet paper.

And don't believe what you hear about tapering or not printing money.

The central bank 1% fractional banking is the biggest scam. inflation is a phenomenon in banking.

That doesn't sound like chart analysis either. I could be wrong.,

BTW, dollar index ripping to the upside today. Nice smooth uptrend the last month.

Maverick74 · Jun 4, 2014

elitetrader50 said:
they control the horizontal. they control the vertical.

It's all in the charts...

Maverick74 · Jun 4, 2014

elitetrader50 said:
charts are drawn by someone. haven't your heard of painting the tape.

I'm not asking you to draw a chart, I'm asking you to read one. Whether you actually want to trade and make money off of it, well, I guess that is your call. I guess being a cheerleader in the bleacher seats can be fun too.

Maverick74 · Jun 4, 2014

elitetrader50 said:
i draw charts not read it.

Sweet! So what do your "drawn" charts tell you?

dbphoenix · Jun 4, 2014

Maverick74 said:
Sweet! So what do your "drawn" charts tell you?

You may want to determine who "elitetrader50" is . . .

Maverick74 · Jun 4, 2014

dbphoenix said:
You may want to determine who "elitetrader50" is . . .

I know he doesn't trade. Not much else I need to know.

dbphoenix · Jun 4, 2014

Maverick74 said:
I know he doesn't trade. Not much else I need to know.

Let's see if he emphasizes price drivers.

hedron · Jun 4, 2014

clacy said:
Sometime between next spring and the following we get another blood bath ala 07-08

But what's going to set off another 08 or 29 or 87 or 73? All those crashes had real fundamental reasons why they crashed, not simply, "hey, this chart looks overbought." I'm not suggesting that this time is different, it's not, but for the life of me I can't think of what the bubble might be. People want to say QE, but I don't see that being anywhere on par with the reasons for past crashes.