Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Dow Heads Toward 30,000. Here's The Best Investment Strategy

By Sid KleinStock MarketsFeb 06, 2020 07:24AM ET
Dow Heads Toward 30,000. Here's The Best Investment Strategy
By Sid Klein   |  Feb 06, 2020 07:24AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

After a corrective a-b-c pattern (Elliott) to last Friday’s low, the NASDAQ made new highs yesterday, leaving little doubt that the Dow would likely follow suit, as it has tended to do when such instances have occurred in the past. It does not take a seer to forecast that this should occur this week, following-up on today’s catch-up outperformance of the NASDAQ by the Dow.

Almost as predictably, one may have guessed last week that this new high could occur. Here is why:

In 2000 (Sid Klein Daily Fax excerpts at New York Major Turning Points), the game was to blame the decline in January of that year on Y2K. This allowed investors to conclude that the pursuant new all-time-high was proof of the market being problem-free, since Y2K was now acknowledged as being a non-issue.

Similarly, the events of September 11, 2001 were understandably blamed for the sharp decline. Regarding the theme of this market phenomenon in the specific context of 2001, please note the first ever online report, entitled “TIMELY.”

By using only a few of countless examples, the linked reports above provide market participants with the opportunity to do a timely mini-study of the phenomena that has market declines blamed on extraneous events; investors then feel safe to get back into the waters when the market surpasses the level from which the market initially fell.

(Given that the equity markets may presently be at a 2000 or 2007-style summit, I advise taking the time to perform the mini-study.)

This time, the prevailing story following last month’s peak was the Coronavirus.

As opposed to being deceived, if an investor understands the phenomena, one will not be fooled and will instead join the front-running big boys in exiting the market ahead of Dow 30,000, by benefitting from the buying demand created by the short coverers’ attempt to achieve the “headline-grabbing round number.”

NOTE: The phenomenon that is the subject of the above-recommended study is caused by the ever-deceptive Wall Street manipulators, hereinafter known as, “The Short-Coverers.”

From the December 2, 2019 report:

“WARNING: At major cycle peaks, I have cautioned that blow-offs occur to nice round headline-grabbing numbers. In this case, 30,000 is such a number, just as 40,000 was the Nikkei’s number to watch 30 years ago. Included in the warning, note that a fancy number serves a “magnet” that is front-run by smart money.”

As regards the believability of this week’s new highs, please note that silver and gold have remained strong, despite the deepening confirmation of the asymmetric trending that has been unfolding between the precious metals and global equities.

Notwithstanding this article’s forecast and analysis, please note the strategies found in the recent articles’ STRATEGY sections.

Original Post

Dow Heads Toward 30,000. Here's The Best Investment Strategy

Related Articles

Dow Heads Toward 30,000. Here's The Best Investment Strategy

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email