Wednesday, April 24, 2019

S&P Record Close: Dow Moves On Toward 27,332.74: May 31 Top

Ok, the last 2 points (4/16 and 4/18) that I thought might be a numbered point got covered up by the last couple days action. Will yesterday's point hold? It was 4/23 or the same number as 5/31. If it is to hold then we will have to go down or sideways for a couple of days or so. And, if it does go down/sideways my guess is that it will not go down that much as I noted on the chart below all of the troughs on the right side of the large "V" are more shallow than their counterparts on the left side. It could be that the final count will be 6. It will be 6 or 7.

I am not going to add to or post more on the NBA Finals until Denver either wins or loses the current series. I still think they will win and judging by yesterday's game, I think they will try and show you that "Denver is starting to come on strong". This is what they like to do. Have the so called hottest team out there, winning the most games (hint Milwaukee) and then have an underdog come from behind and take the whole thing. I believe that is how this will play out and how it will be regarded in hindsight.

Dow Close On 4/23/2019

Yes LOVE