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The Power of the Pattern reflected on April the 10th that Einstein was commenting that “Infinity Ben” could push the Dow to the 16,000 level. (see post here) Where did 16,000 come from? The top of the rising channel above reflects that is a key resistance level for the Dow in the near future.
Monday of this week Barron’s did a cover story, expressing the Dow could reach 16,000. A break above line (2) in the chart above helps to increase the odds that the Dow will push towards the top of this decade long rising channel.
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