Official Dow 10,000 thread

[DavidS]

I thought it would hit 10,000 by the end of Summer. I was 3 weeks off. No one else had the balls to make the same call I did.

Would have been much more interesting had you given some technical or fundamental reasons why you came to the prediction.

Alas, it was just a wild guess and nothing more.

I did that once in roulette and walked out of the casino doing the snoopy shuffle the whole way.

I also did that in a hand of blackjack, and spent an hour trying to figure out how to break the bad news to the mrs.

In conclusion, wild guesses mean nothing.

What I'll give you though, is props for at least calling it during a time when it didn't seem remotely possible.

Paulie, you're like obsessed with me or something. Everywhere I go, you have to follow me.

Dogs do that. You're not a dog are ya Paulie? [line from the movie Snatch]

Anyway, I did give reasons. Re-read the thread.

 

[Paulie]

I thought it would hit 10,000 by the end of Summer. I was 3 weeks off. No one else had the balls to make the same call I did.

Would have been much more interesting had you given some technical or fundamental reasons why you came to the prediction.

Alas, it was just a wild guess and nothing more.

I did that once in roulette and walked out of the casino doing the snoopy shuffle the whole way.

I also did that in a hand of blackjack, and spent an hour trying to figure out how to break the bad news to the mrs.

In conclusion, wild guesses mean nothing.

What I'll give you though, is props for at least calling it during a time when it didn't seem remotely possible.

Paulie, you're like obsessed with me or something. Everywhere I go, you have to follow me.

Dogs do that. You're not a dog are ya Paulie? [line from the movie Snatch]

Anyway, I did give reasons. Re-read the thread.

This was all you said that really made any sense:

The stock market is going to go up because consumer confidence is returning, slowly to the marketplace, the market is oversold, interest rates are non-existent and the market is CHEAP.

Although at the time, confidence wasn't really all that high. And you gave no specific reasons why you thought it was oversold.

That's what I meant by fundamental.

I finally gave you a compliment though, and you just couldn't take it.

 

[Valerie]

To the OP: You still have two months left for your prediction of DOW 10,000 before the end of the Summer comes true.

End of summer is September 21 and today is October 14, so you only missed your prediction by three weeks. Good call David!

 

[Valerie]

I finally gave you a compliment though, and you just couldn't take it.

Woops! I did too.

 

[Zander]

You get a box of cracker jacks!!! There is a nobel peace prize in it too!!!

what is your next call? Dow 6000? 14000??

 

[Valerie]

Would have been much more interesting had you given some technical or fundamental reasons why you came to the prediction.

I was just looking at the chart for the Diamonds. [DIA]

The volume is not there and I don't think this is going to hold up very long....Which is fine. Nothing goes straight up, the price action retraces and solidifies until the volume steps in.

Looks like it could be heading back to 8000.

Quotes for DIA - Yahoo! Finance

 

[mal]

So, the market is rallying beyond all hopes and dreams and is up 10%+ since last week, which means we're well on our way to DOW 10,000.

I believe we'll see DOW 10,000 sometime during the summer. So, any of you believe we'll see DOW 10,000 this year?

I Predicted Summer's End...

Or...

peace...

 

[DavidS]

Would have been much more interesting had you given some technical or fundamental reasons why you came to the prediction.

Alas, it was just a wild guess and nothing more.

I did that once in roulette and walked out of the casino doing the snoopy shuffle the whole way.

I also did that in a hand of blackjack, and spent an hour trying to figure out how to break the bad news to the mrs.

In conclusion, wild guesses mean nothing.

What I'll give you though, is props for at least calling it during a time when it didn't seem remotely possible.

Paulie, you're like obsessed with me or something. Everywhere I go, you have to follow me.

Dogs do that. You're not a dog are ya Paulie? [line from the movie Snatch]

Anyway, I did give reasons. Re-read the thread.

This was all you said that really made any sense:

The stock market is going to go up because consumer confidence is returning, slowly to the marketplace, the market is oversold, interest rates are non-existent and the market is CHEAP.

Although at the time, confidence wasn't really all that high. And you gave no specific reasons why you thought it was oversold.

That's what I meant by fundamental.

I finally gave you a compliment though, and you just couldn't take it.

You don't explain WHY you think the market is oversold in the middle of March when the DOW barely cracked 7000 after plummeting nearly 50%. You pretty much accept it, just you like you don't ask why rain is wet.

 

[mal]

Testing something... Sorry for the Interruption...



peace...