Article: Ralph Acampora Believes Trump Rally Is Not Over Yet

Discussion in 'General Trading Discussion' started by longtermbull, Jan 29, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

    Nov 2016
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    Affectionately known as the “Godfather of chart analysis”, Ralph Acampora has some very interesting news for investors. While not a fully-fledged fan of the new president he believes that current chart analysis suggests the Trump rally is not over and we could see a further 5% push in the short to medium term. This would put the DJIA at around 20,750 and the S&P 500 at 2370 which is a significant rise when you bear in mind the recent rally. So, is Ralph Acampora right to suggest investors have more reasons to be cheerful about Donald Trump?

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