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Created on: 9/11/2019 9:25:40 PM   Last Update: 9/15/2019 2:26:00 PM Posted by: RTT
WARNING: This entry is 588 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Dow to 38,000 by 2022
dow-to-38000-by-2022President Trump said the Dow would be 10,000 points higher if it was not for the FED. In truth if the Dow breaks to new all time highs the next stop is 38,000 and he may be proven correct. Is there an election on? 

UPDATE1: Well the weekend after this was posted we have the news of a Saudi Oil attack (a false flag or not) which will create much volatility and maybe an inflation shock, yet if the SP500 holds above a 12% pullback all will be well and higher we shall go in stocks. What To Watch: The struggling energy stocks may get a much needed rally. Back to the original post.

Of course who knows? But lets continue. 

The fundamentals behind this may be:

- A good deal with China.
- The FED turning on easy money with further rate cuts (very strange with a market near all time highs). FOMC Sept 17th well tell us more.
- The above turbo charging stock buy backs.
- Off shore money running out of foreign equity markets in to US markets (see note1).

Note1: Of course this has happened before, one particular time was just before Oct 1987 stock market crash, as it was proven the US stock market does not act in isolation, and can not escape the world economic environment, hence the quick and sharp stock market correction Oct 19 1987.



In the chart below:

- Notice how the Dow moves in burst between the green divider channel lines. It like an even pulse of a market move. 

- The most recent consolidation is a Wyckoff re accumulation cause (well so far) and the effect would carry stocks to 38,000. It is not distribution as one would expect more volatility and we do not have that.

- 38,000 target is the next green outer channel line.


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Dow 1 Wyckoff



Here is the longer term view of the red and green channels.


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Dow 2 Wyckoff








Divider




Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

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