Hello steemers... Do you love also financial markets or only steem?...
...Today we present a prediction on the Dow.
Forecasts are projected using a private algo-model based on seasonal patterns. Look at the chart:
The three lines (blu, red and green) are the forecasts. At the moment, the trend is still bullish and can improve on Q4. Infact all the lines are in the same direction.
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Louis Navellier was saying that all the money sloshing around the world from low interest rates is causing that money to go into the US stock market, hence the low volume on the break out of all time highs. Also, because of the low interest rates. corporations are still buying back there own shares.
My opinion - Share buybacks don't last forever and are usually a sign of a top, even though the share buy back program has been going for a few years. The bond market is the market to look at and that is coming out of ascending wedge formation going back a couple of years. Martin Armstrong could be correct in the fact that the Dow Jones is going to peak not now but later.
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Hello trendwizard, tnx for your answer. Good analysis!
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