Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. VIEW IN GOOGLE CHROME BROWSER. DISABLE YOUR ADBLOCK SOFTWARE.
Monday, January 30, 2017
Barron's Boast of "Next Stop Dow 30,000" Sinks the Markets?
It is well documented over the decades how overly euphoric magazine covers tend to identify market tops while doom and gloom covers identify market bottoms (contrarian indications). On the weekend, Barron's proclaims, "NEXT STOP DOW 30,000." Is this the kiss of death for the stock market? Humorously, equities retreat today. Perhaps Barron's unwittingly called a market top?
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