From this? Quote from marketsurfer: 15542 is the high in the DJIA for a minimum of the next 12 months. Mark my words. surf
I should learn that reading journals doesn't help me relax on a Sunday night. Surf is saying down medium long term; Now this Hindenburg link; The Green Alpha's journal says Monday is up; My own system looks positive for a stock I watch early this week. Futures are up 49 currently; Contrary China & Taiwan manufacturing is negative; No wonder I drink too much. My guess is bad numbers makes it look like fed will keep doing what they are doing so we have a small bump short term in YM before the Hindenburg crashes. I have seen that there is better price swings for my stock list since Surf took his short. Some correlation.
There isn't enough of a spread to make any difference in your prediction, and the value wasn't my problem, the prophetic certainty it would not breach those levels was my issue. They will, and I don't know why the surfers in this journal are arguing that that won't happen when S&P is at less than 15 on a PE means we're overvalued.... fundamentally this is wrong... Technically, this is an oversold level on a higher low and even if we keep going up and down the eventual result is well above 15,542.