Dow 21K Predicted In 2016: Dow Jones Stock Market Next Target?

Dow Jones Stock Market Update April 2020

Dow Jones Stock Market Next Target

Tactical Investor Predicted Dow 21K month in advance of it being hit

We predicted Dow 21,000 when most experts were busy talking about a top.  We stated in August 2016 that the Dow was not destined to crash and would instead soar higher. These are the exact words we used and this is the image we sent out to our subscribers.

All the long term ingredients are almost in place for the Dow to trade to 21,000 over the next 12-18 months.  Hence, in short, we must whether we like it or not view all pullbacks as buying opportunitiesMarket Update August 2, 2016

This is the most likely Pattern the Dow will trace. After pulling back, it will be ready to run to new highs again.  The pullback is expected to end in the 17800-18,000 ranges but in the above chart reflects the lower end of the suggested pull back ranges

Dow 21,000 was hit in Jan of 2017

This surge in bullish sentiment plays nicely into the equation and provides a nice set up that will be mistaken by the bears as the beginning of the next crash.  We would as we have repeatedly stated favour a much stronger correction, but the odds, for now, are not very high. However, if the Dow does drop below 17,800, we would like all of you to try to follow in our footsteps and celebrate instead of panicking.  Our long-term targets have not changed; we still see the Dow trading to 21,000. Market Update Aug 19, 2017

We still see the Dow trading towards the 21,000 mark over the next 12-18 months, but there will be corrections on the way up; some will be minor in nature, while other pullbacks will be more intense. As long as the trend is up, every one of these pullbacks has to be viewed as a buying opportunity. Market Update Aug 19, 2017

Dow Jones Stock Market Target Hit as Promised

There you have it, we did not mince words back then and we are not mincing any words today.  Until the Trend (based on our Trend Indicator) turns negative and the masses embrace this market, all strong pullbacks are going to prove to be splendid buying opportunities. We pay very close attention to the mindset of the masses; to do that we have created our sentiment measurement tools.

Dow Jones Stock Market Target April 2020 Update

To buy when others are despondently selling and to sell when others are euphorically buying takes the greatest courage, but provides the greatest profit. Bull markets are born in pessimism, grow on scepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. If you want to have a better performance than the crowd, you must do things differently from the crowd. Sir John Templeton

Insiders would not be backing the truck and loading up if they thought the world was going to end. This is a classic case of the boy who cried wolf one too many times.

If you want to rob a man you, the best way is to polarise those around him.  If you’re going to steal from the masses for decades to come, the best approach is to induce a state of helplessness via hysteria.  Take a step back and look at how easily the crowd is allowing congress to rob them blindly for decades to come.  There would have been no chance in hell that even one of the following packages would have had any chance of being approved three weeks ago.

  • 150 basis point reduction in rates
  • $700 billion bailout package
  • Another 2 trillion-plus bailout package
  • 2 trillion dollars injected in the markets by the Fed to provide liquidity
  • Now the Fed has stated that they will inject as much money as they see fit. In other words, the Feds are openly admitting to forever Q.E.

Furthermore, this nose dive took place on uncertainty and even when the sentiment is quite bullish, such nose dives usually lead to strong counter-rallies. In this instance, we are not speaking of a counter-rally but the beginning of another massive bull run. This next move up will be remembered for years to come.  Lastly, the monthly charts are painting a very bullish picture and here’s why

Elliot Wave Theory

The masses are hysterical so use all pullbacks to open up positions in top-notch companies. You should have built this list when the sun was shining so now that it’s raining you can pick up all the gems the masses are dumping.

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