How High?

Discussion in 'Trading' started by Wealthy Bucket, Jun 2, 2014.

  1. dbphoenix

    dbphoenix

    If you consider the NQ to be a major index, the upper limit of its trend channel is around 3780:
     
    #11     Jun 4, 2014
  2. 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! :D
     
    #12     Jun 4, 2014
  3. Maverick74

    Maverick74

    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.
     
    #13     Jun 4, 2014
  4. Maverick74

    Maverick74

    It's all in the charts...
     
    #14     Jun 4, 2014
  5. Maverick74

    Maverick74

    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.
     
    #15     Jun 4, 2014
  6. Maverick74

    Maverick74

    Sweet! So what do your "drawn" charts tell you?
     
    #16     Jun 4, 2014
  7. dbphoenix

    dbphoenix

    You may want to determine who "elitetrader50" is . . .
     
    #17     Jun 4, 2014
  8. Maverick74

    Maverick74

    I know he doesn't trade. Not much else I need to know.
     
    #18     Jun 4, 2014
  9. dbphoenix

    dbphoenix

    Let's see if he emphasizes price drivers.
     
    #19     Jun 4, 2014
  10. hedron

    hedron

    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.
     
    #20     Jun 4, 2014