When Do You Think the Dow Will Break the 16,000 Level?

« How long will Prince William's son have to wait to become king? | Main | Here Are Some Links for Your Weekend Reading »

July 25, 2013

When Do You Think the Dow Will Break the 16,000 Level?

What do you get if connect these key "Emotipoints" (Emotional highs and lows)... The 1982 low, 1987 High, 2000 high, 2002 low, 2003 low and 2007 high together?

According to Kimble Charting, you get a rare combo of resistance coming into play at Dow 16,000.

The Dow industrials has been hitting record highs and is now less than 500 points (less than 3%) from this potential key technical price point.

From a technical perspective, the trend is your friend ... and if the Dow does break above this resistance level, it will be viewed as a big positive by the Bulls.