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Talking long term and objectives for the index here are some surprising
numbers. I have support at 1890, 1375 and a final price objective of 864.
These numbers stay in force until 2900 is taken out on the up side. The
brackets I gave on the Dow are still holding up. I believe these will also.
The index can trade between 1900 and 2900 and this is plenty of room to trade
and be very profitable. Even a 1000 point bear market rally would leave these
numbers intact. Time will tell. Ira.
DH wrote:
> Earl wrote:
> > I too have pondered that question .. I think you'll find a fair part
> > of the answer in the small and mid cap indexes.
>
> I hadn't looked at the Value Line Arithmetic average for a while. It's a
> pretty good gauge of what's going on under the radar of the big names
> because it is an average of a huge number of stocks and, unlike most of
> the other averages, it isn't weighted by market cap. Most people would
> be surprised to see that it's been in a raging bull market for the last
> year while the big-name averages have been in raging bears. Somebody is
> quietly accumulating a lot of second-tier stock while the media focus on
> the Naz, the S&P, and the Dow. Are they right? Who the heck knows?
>
> --
> Dennis
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