Dow Jones 17,000 is the decider !

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As per my call beginning of the week … we are having a very positive week and now we come to the moment of truth.

Will DJIA cross 17,000 or not?

I feel a cross over 17,000 as per my last post here, could be a significant game changer and bring the bull market back into genuine life.

A cross over 17,000 could potentially mean, we could get 18,500 or even 19,000 or in the most optimistic of scenarios DJIA 20,000 by New year.

I think 20,000 maybe something we will shoot for after 2016, although anything is possible. The number I have in mind at present is 18,500/19,000 before Christmas, anything higher would certainly not only be a huge bonus but will redeem me on my 20,000 call , which I have been insisting since January 2014.

Of course, this all depends on us being able to cross 17,000 convincingly, since a failure to cross that significant number could mean a large drop back down to DJIA 16,000 and FTSE 6,000.

Perhaps the next two days could decide if it is a bull or a bear … In both scenarios we are looking at significant gains or significant falls before Christmas.

My money continues to be on the bull side … I think we will cross 17k.

Good luck

All in my humble opinion and no investment advice intended.

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always expect success

Andre

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Comments

  1. walliam says:

    wise,intelligent,smart.

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