Dow

[Valuegrowth]

http://www.cbc.ca/news/business/stoc...pple-1.3763837

Apple shares hit 2016 high, bolstering Dow

[Baa_Baa]

Following the recent new highs, impressive, but then breakdown below the old high, DOW finds support on the steep high/low trend line. Will it hold? 17,100 says no. 18,350 retest old high says yes. 18,000 is the now battle line.

Weekly chart
Attachment 8309

Zooming in to the Daily chart
Attachment 8308

[Valuegrowth]

Yes Baa Baa 18000 is going to be battle line. I completely agree with you.

Support levels loom 18,000 for bullish traders to buy the dip. I believe bullish traders or investors will get some position near 18,000. My medium term target remains to the upside towards 19000 and it can stretch close to 20000.

Analysts have raised their price targets for Dow stocks in recent months because they expect earnings growth in the first six months of 2017.Dow could climb on the strength of a few key stocks and sectors.


http://blogs.wsj.com/moneybeat/2016/...get-dow-20000/

Following the recent new highs, impressive, but then breakdown below the old high, DOW finds support on the steep high/low trend line. Will it hold? 17,100 says no. 18,350 retest old high says yes. 18,000 is the now battle line.

Weekly chart
Attachment 8309

Zooming in to the Daily chart
Attachment 8308

[Baa_Baa]

DOW pulled back perfectly Sept 22 from a test of the falling ST resistance down-trend line. Now it's either on the Feb-Jun rising support trend line (arithmetic scale), or broke down through that same support trend line (log scale). 18,000 support in play again.

[Valuegrowth]

You are absolutely right.

DOW pulled back perfectly Sept 22 from a test of the falling ST resistance down-trend line. Now it's either on the Feb-Jun rising support trend line (arithmetic scale), or broke down through that same support trend line (log scale). 18,000 support in play again.

[Valuegrowth]

Everybody has their own forecasts. We have to stay with our own estimation.

According to following link DOW should touch around 19000 by February or March 2017.

http://longforecast.com/stock/dow-jones-forecast.html

DOW JONES FORECAST FOR 2016 AND 2017

http://www.fxempire.com/indices/dj-30/forecast

Dow Jones Industrial Average 30 Forecast

[Valuegrowth]

There is a possibility that DOW can break 18,000. At least it should reach closer to it.

[Baa_Baa]

There is a possibility that DOW can break 18,000. At least it should reach closer to it.

Yes DOW30 has held gains on Futures today, currently 18025. Who knows what will happen tomorrow though.

[fungus pudding]

Yes DOW30 has held gains on Futures today, currently 18025. Who knows what will happen tomorrow though.

Clinton cleared from charges over emails, so Dow will lift.
Even bigger boost on Wednesday - NZ time - when Trump gets hammered.

[Daytr]

Had a dream run with all this pre-election volatility. Tripled my investment in the last month mostly trading the DOW, Gold, GPB & AUD/NZD cross.
Went big on the DOW twice around the lows in the last few weeks only to see big rallies including last night.
I'm now out except for a small posi in AUD/NZD & WTI.
Clinton wins we see another rally to sell into.
Trump wins, will stay clear until the dust settles.
Either way I don't see too much upside in these markets.