The Scent of Dow 30,000

Source: Rick Ackerman Published on Thursday, January 18 2018
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The bull market’s blow-off-like trajectory has steepened, if such a thing were imaginable, with Wednesday’s 322-point rally in the Dow. The blue chip average is ostensibly headed to the 27,251 target shown, and although this Hidden Pivot resistance is worth shorting, I wouldn’t recommending standing in the herd’s way if it is exceeded by more than 10-15 points. The broad averages reportedly are about to set a record for consecutive days of upwardliness without a correction of 5% or more. It sure
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