Boy was I wrong on my Dow prediction. Oh well, this week we may see the Dow go above 11,750.24, which would be a record all time high (intraday). We're only 150 points away so it could easily happen. My bet is that it won't happen until the latter half of this coming week or early next week, but it will happen. I expect a bit of a correction from Monday-Wednesday from Fridays run up. The Dow is currently in an upward channel and it is reaching for a wall on the high side, right around where the record is. The low side is around 11,300, so after the record is hit I expect it to go back down there and either start a climb back up or slide out of this channel and start a channel heading down. Seems strange that Dow is going to break a record doesn't it? What's everyone so cheery about? a: S-P-E-C-U-L-A-T-I-O-N.
For fun let's count the bubbles that are going to burst some day...
Let's see: housing, credit, gold, copper, silver, oil, US dollar, what else?
