Dow 14,400 - Are We There Yet?

With an intraday high of 14,413, "it looks like we made it" as Barry Manilow once crooned. (WARNING: Do NOT click on that link!)  This would be happy times for the Cheetum Market Indicator ( now referred to as MensaMonkey)  if we were back in 2011 when visions of 14,400 kept visiting the inner sanctum of my cranium, long before MM decided to get seriously contrarian...and still continues to mind his P's and Q's in the PSQ.

 

 

 Dow 14,400 With a Little Help From the Great Fibonnaci

 Quantitatively Easing Toward Dow 14,400

 Ahh, good times back in the swamp.  So my timing was off by two years.  I guess the devil really IS in the details.

 

So what's up with the Dow?  You're asking me?  Well, the Ponzi Schemer recently reminded me of a George "Cantstandya" quote that seems to sum it all up..."Jerry, it's not a lie if you believe it." 

 

Seems like as good an explanation as any.  

 

Can we all quantitatively ease out the market now?  Will 14,400 offer some serious resistance over the coming weeks?  Will I set a new record for the number of questions in one post?  No, I think five questions is the record.

 

You clicked on that Barry Manilow link, didn't you?

 

Boom! Got it!