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Dow to 38,000 by 2022

Courtesy of Read the Ticker

dow-to-38000-by-2022President Trump said the Dow would be 10,000 points higher if it was not for the FED. In truth if the Dow breaks to new all time highs the next stop is 38,000 and he may be proven correct. Is there an election on? 

Of course who knows? But lets continue. 

The fundamentals behind this may be:

  • A good deal with China.
  • The FED turning on easy money with further rate cuts (very strange with a market near all time highs). FOMC Sept 17th well tell us more.
  • The above turbo charging stock buy backs.
  • Off shore money running out of foreign equity markets in to US markets (see note1).

Note1: Of course this has happened before, one particular time was just before Oct 1987 stock market crash, as it was proven the US stock market does not act in isolation, and can not escape the world economic environment, hence the quick and sharp stock market correction Oct 19 1987.

In the chart below:

  • Notice how the Dow moves in burst between the green divider channel lines. It like an even pulse of a market move. 
  • The most recent consolidation is a Wyckoff re accumulation cause (well so far) and the effect would carry stocks to 38,000. It is not distribution as one would expect more volatility and we do not have that.
  • 38,000 target is the next green outer channel line.


Dow 1 Wyckoff


Here is the longer term view of the red and green channels.
 

Dow 2 Wyckoff
 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.

Investing Quotes…

.."Money is made in tape reading [chart reading] by anticipating what is coming — not by waiting till it happens and going with the crowd"…
Richard D Wyckoff

..“The key to successful investing is having everyone agree with you — LATER.”..
Jim Grant

.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"…
George Soros

.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"…
John (Jack) Bogle

After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history."..
Charlie Munger


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