The Dow Target >>> Technical Reads and Calculations

Markets appear set for a fresh primary advance with a number making new 2-year highs. Even China appears to be consolidating despite a falling Baltic Dry Index, reflecting poor bulk shipping rates.

The Dow is testing resistance at 11000, with rising Twiggs Money Flow (13-week) signaling a breakout. Respect of resistance is unlikely, but would indicate another test of 10000. Target for the breakout is 12000*, but beware of reversal below the new support level (or Money Flow below its rising trendline) as in late 1999.

Dow 12,000 next? Or new record 14,165?

Yes, DJIA hit 11,000. Propaganda. Yes, we'll quietly sneak past 11,722 (Dow's 2000 peak). Yes, we'll happily climb to 14,164 (Dow's 2007 peak). Maybe just maybe you should get ready to being conned.

:D