Dow 12,000 – speaking of Hype!
- Posted by Howard
- on January 14th, 2007
The bears were all sweaty with joy at he hype surrounding Dow 12,000. Gold was climbing, Oil was on fire and the US dollar was crap. It was for sure a TOP! NOT!
At the time, I blogged about the breakouts and that being negative was going to cost you as prices were telegraphing big strength. Not much has changed today and the Wallstrip Dow Industrials show remains one of my favorites.
Great job by ALL the actors.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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