On Thursday (19th July) the Dow Jones Industrial Index closed at just over 14,000 which is the highest it has ever been.
Unfortunately it didn’t hold the 14k mark and yesterday closed at about 150 points less, 13,851.
Even at the height of the dot com boom, the Dow only hit around 12,000 so hitting 14,000 is quite an achievement. It’s a historic day for the Dow Jones, that’s for sure.
Over at the Market Club, the question that they’ve been getting most is:
“Where is the Dow going?”
With such a high point recorded, everyone now wants to know where it will be 2 days or even 200 days from now…
But that’s not the best question to ask.
The question traders should be asking is not “where is the Dow Jones going” but “how is the Dow is going to get there?”.
As per usual, the Market Club has put together a free video suggesting some techniques for predicting just how the Dow is going to pan out in the short-term future:
They’ve picked up the tab so it will cost you nothing… not even your email address.
It’s a MUST WATCH if you have any interest in financial markets, make sure you take advantage of their generosity!