The DOW

[farming101]

New all time high today

[danny W1M]

Bank of America sees end of bull market coming in 2018: Here's how it will happen

[URL="https://www.cnbc.com/2017/11/21/bank-of-america-bull-market-ending-in-2018-how-it-will-happen.html"]https://www.cnbc.com/2017/11/21/bank-of-america-bull-market-ending-in-2018-how-it-will-happen.html[/URL]

[farming101]

Reached the 23800 mark today. Raise target to 24000 or maybe even a little bit more

[farming101]

Punched through 24083. Correction - should be 24194
Looking for sideways/pullback action to kick in here
I could be wrong

[Oliver88]

Punched through 25,000

[farmaholic]

How does this end?

[farming101]

Ya, 24194 didn't hold it down did it? I think it closed below that for all of two trading sessions.
Then of course it became support.

Onward and upward. Low grade indicator says 25370 for the next pause.
It would take a series of closes below 25,000 for the next week to indicate weakness and closes in the 24425 area for anyone to get cold feet.

[farmaholic]

Does any of this have absolutely anything to do with the strength of the companies that make up the DOW and their financial performance OR is this whole thing purely speculative and chart based investment/trading.

A few RRSP dollars will likely be looking for a home in the equity market in the next 7-8 weeks as well, likely another false push up on the market.

[Oliver88]

Over 26,000 today......

[helmsdale]

Don't poke that thing...

[farmaholic]

My "financial advisor", loosely termed, says there's nothing to worry about as long as I keep contributing to my RRSP. Of which he sells me for low fees...with low MERs....blah blah blah.

I posed the same question to him that I asked in my above post. Oh no....it's the strength of the Dow companies driving it.

Don't fight it...in dogma we trust!

[Oliver88]

Find it interesting in how it took 8 days to gain 1000....

DJIA Milestones: # of Trading Days
•25,000 to 26,000: 8**
•24,000 to 25,000: 23
•23,000 to 24,000: 30
•22,000 to 23,000: 54
•21,000 to 22,000: 107
•20,000 to 21,000: 24
•19,000 to 20,000: 42
•18,000 to 19,000: 483

**Shortest stretch ever between 1,000-point milestones

[errolanderson]

Don't poke that thing...

We may be witnessing the most major asset bubble of a generation. Meanwhile the USD appears in real trouble as international funds now exit U.S. markets . . . .