Dow Headed To 9000

Discussion in 'Technical Analysis' started by Roman Candle, May 4, 2009.

  1. I have no doubt its next stop is 9000 over the next two months. I say by the end of June 2009 we will be there. Jam up overnight sideways rinse and repeat

    I saw this in 2003-2004 a lot of traders just sat there because it was so overbought they were going to wait for a correction. Well the correction never came it just pushed higher indicators became useless.
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  2. Well, the Dow has rallied 30% in less than 2 months so another 6.8% by Jun30 isn't much of a stretch, is it? Hell, at this rate, we'll be there by Friday morning. I think comparing 2003 to 2009 is a stretch, though.