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There’s a big flaw in stock-market bulls’ logic

Stock market bulls are excited about the meeting between presidents Trump and Xi. Some are encouraged by the Dow Jones Industrial Average’s chart pointing to 32,000 points. However, prudent investors ought to be warned about a big flaw in bulls’ logic that nobody is talking about.

Let’s explore with the help of a chart. Please click here for an annotated chart of the Dow Junes Industrial Average ETF DIA, +0.07% Please note the following:

• The stock market often exhibits symmetry.

• The chart shows the first stock market target of Dow 29,000.

• The chart shows the second stock market target of 32,000.

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