Tuesday, March 5, 2013

The DOW is at an All time High!

The DOW Jones industrial average is at an all time high.  It just closed at 14353.  It was last at this level 6 years ago.  So basically the average is back to even after 6 years.  So the question is do we go higher?  I like to look at the SP500 average.  It is represents 500 stocks so a better view of the overall markets.

The SP500 index is also back to 2007 levels.  This is actually the 3rd time it has is this level.  In 2000 and 2007, it has hit the 1540 levels.  In 2007, it proceeded to fall about 50%.  Technically this was called a double top.  Now we are at a triple top level.  Well, triple tops are very rare in the market.  So I fully expect that we break thru this time and continue to march higher.

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