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Dow 10,000 May Be Ceiling for Years, Patterns Show

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Dow 10,000 May Be Ceiling for Years, Patterns Show
Topic: Markets & Investing 9:56 am EST, Dec 31, 2003

] NEW YORK (Reuters) - Although the Dow has closed above
] 10,000 11 times so far this month, it's likely to be
] years before the oldest and most widely watched U.S.
] market measure stays over the mark without falling back.
]
] "If there is a possible correlation, we can expect
] essentially a trading-range bound progression that could
] indeed last up to 20 years, or toward the years 2015-20,"
] said Alan Shaw, a technical analyst at Smith Barney, in a
] recent study.

I hope they are wrong.

Dow 10,000 May Be Ceiling for Years, Patterns Show



 
 
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