Replies to post #36133 on The Black Box

[dieselfuel]

Want to add, I'm still bullish on the the U.S. markets and looking for a 30% gain on the DOW this year, from close of 2017.

Resistance til 28K, then
free and clear til around 36K.

I still have a (high end) target of 65K for the Dow by 2024.

What we are experiencing now is a normal, healthy correction. We need the short sellers to pile on here. When the markets reverse to the upside, the short sellers covering their shorts will help to drive the DOW through 28K and up towards 36K.

[dieselfuel]

Looking at the DOW daily chart, looks like a possible a-b-c correction. If that is the case, then we should bottom around 23,545

That would be a temp low, imo. The Dow may go to 21,000 or even into the 19Ks before reversing and then off to new all time highs.