CHART TECHNICALS SETTING UP FOR DOW 30,000 BUT FED AND SMART MONEY MAY SPOIL THE PARTY $SPY $QQQ $GLD $DIA $IWM
Charts used in technical analysis suggest the Dow is climbing toward 30,000. Let’s explore that idea with some background first. When the Dow Jones Industrial Average DJIA, was trading around 18,000 points, The Arora Report laid out a scenario for Dow 30,000. The Dow is now trading around 25,000, and the prevailing wisdom is that the benchmark will reach 30,000. Of course, some bears are still around. When The Arora Report first laid out a scenario for Dow 30,000, I got a fair amount of hate mail. Gurus who are now tripping over themselves to raise their targets were incredulous of