This Permabear Thinks the Dow Could Rally Another 2336 Points

Source: Rick Ackerman Published on Tuesday, May 16 2017
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Permabears in particular will find this hard to believe, but the Dow Industrial Average could levitate a further 2336 points before it hits something solid. Even some bulls might find the 23317 target shown in the chart (see inset) a tad optimistic. But charts don’t lie, and in this case the force with which the Indoos impaled the red line, a midpoint Hidden Pivot resistance at 19343, makes a run-up to 23317 a good bet as far as I’m concerned. Of course, I could give you a dozen good reasons why
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