Dow Resistance Is 16,000; Can

April 10th, 2013

by Chris Kimble

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Can "Infinity Ben" push the Dow to 16,000? Why could Dow 16,000 be important from a technical perspective? The top of channel resistance for the Dow comes into play around Dow 16,000, with another line tied to the 1987 highs and 2002 lows coming into play around the same levels, with them intersecting a few months from now.

Can easy money policies from "Infinity Ben" push the Dow to 16,000? I guess anything is possible these days. If the Dow does reach this milestone, two key resistance lines will be staring it in the face and I would want to do some harvesting of values!

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