Two Years...Dow is south...Bigger picture pays

[kalzayani]

Traders....IMHO...
I think U should look at Longer term charts...ie weekly
Dow is heading to 8000 area in about 2 years

 

[Brandonf]

Quote from kalzayani:

Traders....IMHO...
I think U should look at Longer term charts...ie weekly
Dow is heading to 8000 area in about 2 years

What are you having for dinner on Tuesday May 3rd 2006?

That all said I am bearish for the time being and do agree that you should look at longer term charts. I just dont know how you know where the market is going in two years, then again I am not the smartest guy here.

 

[kalzayani]

Quote from Brandonf:

What are you having for dinner on Tuesday May 3rd 2006?

That all said I am bearish for the time being and do agree that you should look at longer term charts. I just dont know how you know where the market is going in two years, then again I am not the smartest guy here.

OK Look at the weekly chart...the Logest rally is about 120 weeks...
OK...the daily has about 220 +,-
Combine the two....it had rallied for a year + it had raliied for 120 weeks...(???)
with a few up and downs....it' south in general!!
GL
KaL

 

[kalzayani]

well...is it not clear? Now!!

 

[areyoukidding?]

Quote from kalzayani:

Traders....IMHO...
I think U should look at Longer term charts...ie weekly
Dow is heading to 8000 area in about 2 years

ok.

 

[kalzayani]

Weekly
now 10,124
10 9,916 ...(10 weeks from Now)
20 9,971
30 10,063

Daily

now 10,400
10 10,360 ...(10 days from Now)
20 10,332 ...(20 days from Now)
30 10,331

etc

 

[Brandonf]

Quote from kalzayani:

OK Look at the weekly chart...the Logest rally is about 120 weeks...
OK...the daily has about 220 +,-
Combine the two....it had rallied for a year + it had raliied for 120 weeks...(???)
with a few up and downs....it' south in general!!
GL
KaL

I have been trading for 10 years, Ive used charts the entire time, but I must say I'm freaking lost with what you just said.

 

[Cheese]

Quote from kalzayani:

Traders....IMHO...
I think U should look at Longer term charts...ie weekly
Dow is heading to 8000 area in about 2 years

When does anything change? The DOW has come down 500 points approximately from a month ago. The sages are bearish when the DOW has dropped a chunk and they are bullish when the DOW goes up a chunk.

Any fundamental deep down change? No. Of course not.
Sure, the usual litany of havoc year on year: floods, ground fires, earthquakes & terrorism around the world.

But the USA is still the engine of the capitalist world and make no mistake about that. Everything is fine. I will go to bed and rise in the morning and just like 99% of the Western World I shall be safe, healthy and sufficiently fed as each day comes.

Well, why would the alarmists and losers jacking around the place want to recognize the obvious?

 

[iceman1]

Quote from kalzayani:

Traders....IMHO...
I think U should look at Longer term charts...ie weekly
Dow is heading to 8000 area in about 2 years

by the way... what will the weather be the week the Dow reaches 8000; and will it go to 15000 before selling off? :eek:

Ice

 

[kalzayani]

30-Aug-05 10,509
10 days + 10,480
20 days + 10,465
30 Days + 10,495

(ie. 10 Trade days from 30-Aug-05)

above is system output


Below is what happened...


30-Aug-05 10,413
31-Aug-05 10,482
1-Sep-05 10,460
2-Sep-05 10,447
6-Sep-05 10,589
7-Sep-05 10,634
8-Sep-05 10,596
9-Sep-05 10,679
12-Sep-05 10,683
13-Sep-05 10,597
14-Sep-05 10,545
15-Sep-05 10,559
16-Sep-05 10,642
19-Sep-05 10,558
20-Sep-05 10,482
21-Sep-05 10,378
22-Sep-05 10,422
23-Sep-05 10,420
26-Sep-05 10,444
27-Sep-05 10,456
28-Sep-05 10,473
29-Sep-05 10,553
30-Sep-05 10,569
3-Oct-05 10,535
4-Oct-05 10,441
5-Oct-05 10,317
6-Oct-05 10,287
7-Oct-05 10,292
10-Oct-05 10,239
11-Oct-05 10,253
12-Oct-05 10,217