DJIA dropping like a ghetto whore

Bought and will bought more. No. Real. Carsh. Evah.

:money:

You don’t understand what you’re looking at.

The DJIA has been consolidating in a band between $23,500 and $25,500 since Q1 2018. Several weeks ago I stated it was about to break $26,000.

IT DID.

Predictably, it was followed by profit-taking selling, causing it to pull back.

UN-predictably, the Fed increased interest rates AND some of the big players missed their earnings targets.

The market operates on as much FEAR and GREED as much as it does sound fundamental analysis. Accordingly, reactionary FEAR sent the DJIA reeling, causing it to price at a bargain rate.

Large investors saw the buying opportunity and jumped in, causing it to GAP up, not once, but twice, because it was undervalued from the recent selloff.

Once it broke $26,000 again, you had people again taking profits, and you have people getting out after previously buying in ABOVE $26,000, limiting their losses.

Now it’s simply back within the same consolidation trading zone that it’s been in for 8 months.

Listen closely:

If you look at all the big retailers, their stocks are up. Christmas is going going to bring a banner Q4, and the market will respond in kind in 2019 Q1.

It WILL break $30,000 in 2019.

It may be Q2 or Q3 (it could even happen in Q1), but it will happen.

Calm down with your doom and gloom. This is perfectly normal market behavior.

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Smart investor.

they measure it in dollars now?

tell me more!



having said that, DOW 30,000 is coming. you are correct there.

maybe i should make one last DOW prediction for old times sake... as you'll see in my signature, my record was impeccable even in the most doomiest of DOW times on GLP

Last Edited by 1-2-Follow on 11/14/2018 03:31 PM

LOL!

Yeah, ooops!

Remove the dollar signs. All else still applies!

You can thank me next summer.

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haha common mistake.

but yeah, i agree with you otherwise.

you are spot on.

and i'm not an investor, i just play one on glp.