The Dow Jones Industrial Average closed above 14000 for the first time ever Thursday. It took only 58 trading days to make the 1,000 point rise from 13,000 to 14,000, the second fastest on record, after the 23-session rise to 11,000 in spring 1999, says The Wall Street Journal. Keep the following in mind:
Of course, every 1000-point level gets easier to attain because it is a lower-percentage gain; whereas hitting 2000 meant a 100% gain from 1000, Dow 14000 required just a 7.7% gain from 13000. [WSJ]
So, for the Nikkei 225 to hit 19,000, it would need a 5.5% gain from the 18,000 level…
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Dow Jones 10 Year Chart - December 19, 2008
(My Trader's Journal, 12/21/08)
Charting the Dow Jones ($INDU) 7-20-07
(My Trader's Journal, 7/23/07)

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