and then it was 2000

So we reached 2000 at last, and the knee-jerk reaction is to sell and take some profits. And maybe that's right – it has been a scream from 1904 to 2000.

The T structure suggests that we are not finished yet. So until proven incorrect look for higher highs and watch the trailing support lines for any hint of weakness.

Next major peak should be 10 September at about 2020. (guess)

Chart of S&P500 for 26 August 2014

 

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *