THE NEW MAGIC NUMBER - 13,000!!!

The Dow Jones held above 12,000 this year just as was predicted on this blog. In fact, I believe it is safe to say the Dow Jones will not go under 12,000 for a very long time unless something very dramatic happens (war, terrorist attack, etc.). The Dow closed today at 12961.98 and I believe we will see 13,000 early next week. I am so confident because since the markets are driven by emotions such as fear and greed, numbers that are psychologically easy on the eyes (such as those that end in 0's, and the reason why we round our numbers to 0's) actually become psychological and literal support levels.