Frank Palmieri's Daily Ramblings

Well, it's pretty much a given now. Dow 6000 is in our sights and it's not letting go. One can see the bearish pennant forming...

For now I'm staying short with BGZ, a 3x ETF, for the Stock market competition. Up 43% give or take .5 right now.

My personal opinion - We're going to see 6000, and we'll linger in the 6000 range for a while, maybe a few weeks, then the rest of the year is going to be trading in the 7000's. We'll see if I'm right. Best case scenario is 9000, worst is 5000. I don't think we'll see lower than 6000 though. At least...I hope not...