FYI: The thousand point thresholds are dropping like flies these days. With the caveat that a thousand points becomes an increasingly small percentage of the overall index as prices rise, the DJIA just crossed its fourth 1,000 point threshold since Trump’s election last November. The table below shows the date that the DJIA has first crossed each 1,000 point threshold on a closing basis since it first closed above 1,000 back on 11/14/72. For each threshold, we show the date the DJIA first closed above that threshold, how many days transpired between that cross and the prior 1,000 point threshold, the percentage that each thousand point threshold represents of the index’s price, and then how many upside and downside crosses the DJIA has had with each level.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/19k-20k-21k-22k/
