The DJIA is moving as I expected. There should be a new all time high before the end of May and the DJIA will probably reach 40,000. Last week the DJIA was up 837.16 and closed the week at 39,512.84.
On the chart below the blue line is the best fit historical cycle which is from 1925. The alignment with this cycle starts on the October 27, 2023 low price. The green line is the current percent change line.
Based on the 1925 cycle my forecast is for a rally to the end of May. In the month of June 2024 there should be a choppy sideways market, but this will be followed by new highs in July 2024. The DJIA should reach 40,500 in July 2024.
Click To Enlarge
end.
–
Terms of Use and User License Agreement
No Transfer or Resale Agreement:
The contents of this newsletter can not be resold or transferred in any way. Access to this website and the web site contents can not be transferred to a non subscriber for free, for fee, for barter, traded or sold. Any violation of this non transfer agreement will result in the cancellation of the subscription with no refund.
Legal Disclaimer:
Commodity futures or stock trading is a risky business and may not be suitable for all recipients of this newsletter. The contents of this newsletter are not guaranteed to produce profits. Although the forecasting methods in this newsletter have been reliable in the past there is no guarantee by the newsletter author or distributors that they will work in the future. Each trader is responsible for his/her own actions in the markets, if any. The contents of this newsletter are not, and should not be considered as an offer to buy or sell any commodity or futures contract or stock. Purchase of this newsletter constitutes your agreement to this disclaimer and exempts its author and distributors from any liability or litigation.
