Blog description

My photo
A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Friday, August 22, 2008

Long term look at $INDU

From the Great Depressinon to the 1998-2002 technology nose dive the $INDU or DOW 30 has kept on truckin...
It's just amazing how Fibonacci lines match up on these charts.
How does a 10 year cup with a handle sound? How else are you going to get to DOW 19,000 by 2015? Of course we may see DOW 10,000 again before heading there because 11,750-7,200 = 4,550 and 14,200+4,550 = 18,750. What's a measley 250 points mean to Bull-headed numbers?
What does all this mean for the short term? I have no clue. But the bottom-line is I'll definitely be shopping long leaps when the "Liquidity Crisis" finally finds a bottom.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)