Guess the DJIA close

Don't know if we can compete with 12%ayear. He must be controlling the market. Okay, today July 31th, up 20 points.
 
Wow. Unreal. 12%, you are going to have to change your name to Oracle or some such.

I'm guessing today to be pretty much flat. I'll go up 12 points as a tip of the hat to 12%.
 
I'm glad I didn't poke fun at your -140 guess when the Dow was up 140 earlier. :) Nice job Jim!
 
Oh why not - I'll say +343 for 8/1. Kill all those mortgage companies, then watch the Fed.
 
Oh why not - I'll say +343 for 8/1. Kill all those mortgage companies, then watch the Fed.

Birchtree,

If the Yen will help it's possible, but for now the Yen is moving the DOW big time in the opposite direction of course. FXY up, DJI down! This chart says it all. Add it to your favorites folks.

http://finance.yahoo.com/q/bc?s=FXY&t=5d&l=on&z=m&q=l&c=^DJI

Yen/Dollar 118.47-118.48 - 0.51 and dropping!

http://www.nni.nikkei.co.jp/CF/FR/MKJ/


If it goes to 117.00 and lower the DOW could lose a 1000 points and the World Markets. Oh Boy.... If we get back to 119 and up the DOW rallies. Since I'm long I'm hoping your guess is correct. The Carry - Trade is something we need to watch. The world markets are at risk, but the bankers should save us. Maybe. The Fed is nothing compared to the Yen-Carry-Trade. Watch the Yen my friend!


Watching support on the S&P is my concern. 1450 needs to hold or here we come 1430's. I'll add shares if we head lower. Scaled buying of course.
 
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