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The Dow Jones 2007 High - Your opinions...
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The Dow Jones 2007 High - Your opinions...

  #1 (permalink)
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The Dow Jones 2007 High - Your opinions...

Here is a monthly chart of the DJI from IG Index, we are nearing a mega high that was achieved in 2007...

It seems that the economy is much worse now, so why is the DJI so strong?

It's due for a big crash, that's for sure...

Could the 14,200 level act as major resistance and possibly be the start of a market collapse?

Your opinions below please

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Doomberg View Post
Here is a monthly chart of the DJI from IG Index, we are nearing a mega high that was achieved in 2007...

It seems that the economy is much worse now, so why is the DJI so strong?

It's due for a big crash, that's for sure...

Could the 14,200 level act as major resistance and possibly be the start of a market collapse?

Your opinions below please

I might argue that we are in a better economic position now, than we were in 07/08 where the economy was over leveraged. the Leverage all dried up, but here we are again. Might just mean things are not as bad as the world perceives.

"If I agreed with you, we'd both be wrong."
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addchild View Post
I might argue that we are in a better economic position now, than we were in 07/08 where the economy was over leveraged. the Leverage all dried up, but here we are again. Might just mean things are not as bad as the world perceives.

Do you think it's possible we could surpass 14,200? Well anything is possible, but something tells me it's time for a huge correction

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Doomberg View Post
It seems that the economy is much worse now, so why is the DJI so strong?

Just as a stock is not a company, a stock index is not the economy.


Doomberg View Post
It's due for a big crash, that's for sure...

Why?


Doomberg View Post
Well anything is possible, but something tells me it's time for a huge correction

What is the "something"? If it's a feeling inside your gut, it could be that you have not yet had lunch. Identify the "something," and you can make a case, and possibly profit from it. Otherwise, it's just gambling and "eeny meeny miny mo" would work just as well.

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josh View Post
What is the "something"? If it's a feeling inside your gut, it could be that you have not yet had lunch. Identify the "something," and you can make a case, and possibly profit from it. Otherwise, it's just gambling and "eeny meeny miny mo" would work just as well.

You're right, without correct reasoning it may just be a gamble.... however, technically it is a very good trade, but i'd need to look way in to the fundamentals before thinking about taking it. Does anyone else not think it may be significant?

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Doomberg View Post
technically it is a very good trade

Specifically, why is it technically a good trade?

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josh View Post
Specifically, why is it technically a good trade?

Because previous lows / highs often work as support / resistance... not just on large time frames, even on 5 mins.... do you not think that it may have significance josh?

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Doomberg View Post
Because previous lows / highs often work as support / resistance... not just on large time frames, even on 5 mins.... do you not think that it may have significance josh?

Absolutely, I think it will have significance. The question is, how much are you willing to risk, and for what potential profit. Best of luck with it!

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josh View Post
Absolutely, I think it will have significance. The question is, how much are you willing to risk, and for what potential profit. Best of luck with it!

Well i was pondering on waiting signs of a clear reversal around the 14,200 area and taking a risk of 500 points... and keeping fingers crossed that it collapses to 10,000 or possibly more... very optimistic i know, but possible over a long time frame. Is anyone else having similar ideas? Tbh i am much more suited as a day trader, but if it did show signs of reversal around that area, it could be a good trade, one not to miss out on

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