Dow

sabretoothtigger

Loughton_Monkey wrote: »

The Dow, at 11,627 [while I write] makes the trend lines here look rather amateur.

:shocked: How dare you Sir

If it breaks a trend it goes up fast which it has done. Im not one for big trades but those who do would buy on the break and reap that move upwards - that was last week.

The text or interpretation with the chart is optional but I think it proved 11111 to be significant last week

Downside target is 11062 and upside would 12000. Im going to be surprised if we do get to 12000 this fast though

sabretoothtigger

lvader wrote: »

Looks like a classic double bottom formation. 12800 before the year ends.

Cant argue this move upwards has not been quite dramatic.

12030 is my guess for a good resting point, hopefully not the top but cant tell it occurs.
Its 123% of the previous range since August fallout and also its a good resistance level going all the way back to the lows of 2007

StevieJ

S&P 500 finishes above the 1250 resistance.

sabretoothtigger

Looks like you were right again, I thought the 1250 might be a ceiling still. I think 1300 is a fair target and resting place as its been the lowest price in a month a few times

Index and Sector summary

sabretoothtigger

USA stocks better value then ever before I read today. The disparity to bonds must be epic





The graphs horizontal timescale is showing back to when Queen Victoria was alive. Dow has more history then us

The last small peak on the graph shows at the end of the last decade companies paying out a rising percent of earnings. This would include citigroup who apparently were in 2007 paying out over 100% of earnings to shareholders

Graham_Devon

Passed 13,000 for the first time since 2008 earlier today.

StevieJ

Yes, it has come a long way since about 6600 in early March 2009, and this thread covers all of that climb:)

sabretoothtigger

^^It is always surprising to see anything nevermind an entire index double in worth in a pretty short period of time

Looking very peaky I reckon. Oil price this high has secondary effects on pretty much all USA business. Nice if you are a major oil producer, nasty if you rely on transport costs

Never can tell but to me we are closer to a relative top then bottom for now. not expecting it to drastically fall but still paranoid about this stuff

Marc Faber said this year is a repeat of 1987. That'd be nice

sabretoothtigger

If Apple -- instead of Cisco -- had been added to the Dow in 2009, the index would be at an all-time high of 15,290.

Since DOW is based off price anyway I guess this would heavily influence the index


Since my last comment the index has been following its own footsteps looks like

sabretoothtigger

Price rising, value falling fits pretty much