We may be in a comparable situation to when the DJIA tested the 1000 mark just before the last major Arab-Israeli War in 1973 and when the Dow brushed up against the 3000 mark right before Iraq invaded Kuwait in 1990:
I believe the logic I spelled out regarding "Dow 13000 and World War Three?" applies here all the same (minus seasonality):
In fact, what has formed is a rather ominous "diagonal triangle" that typically marks the end of a major upswing pattern in mass mood:
What's telling is that this Elliott Wave pattern has unfolded into the upper channel line of the rise in stock prices dating back to the Great Depression:
In a prophetic, religious context, think of this as representing the peak of Capitalism and Western Civilization, and the associated mass servitude, worship and "love" (valuation) of Mammon (wealth; greed). Indeed, this is well represented by America's modern-day "Golden Calf", the bronze Charging Bull statue by Wall Street:
[As to why Wall Street's mood swings in Elliott Wave fractal patterns and why seeming exogenous geopolitical shocks are connected to reversals from thousand mark psychological barriers in the DJIA, this is because history unfolds in a fractal pattern which implies that what we are collectively experiencing is holographic in nature. Stock index price patterns reflect the collective emotional response to history as it unfolds. What does this mean? I believe this corroborates the idea that the universe is a four-dimensional hologram etched onto the surface of the three-dimensional space we measure with our senses over time. This image, our story, is (has been?) authored by God, a point well made by how the historical cycles of sin and redemption are so perfectly patterned.]
What will happen in the wake of this peak?
According to the Elliott Wave Principle, a collapse of Grand Supercycle magnitude lies dead ahead that should involve a 99%+ drop in stock prices:
This is what I've dubbed the "Apocalypse Wave", and I believe it projects the fall of America and end of Capitalism..
Thus, I do not believe it is mere coincidence that just as we are topping around Dow 14K, there's news of an Israeli air-strike against Syria that might provoke a military response by Syria and/or Iran and/or Iran's proxy force of Hezbollah in southern Lebanon:
The presumed Israeli airstrike within Syrian territory on Wednesday has elicited threats of retaliation from both Syria and Iran. Syrian Ambassador to Lebanon Ali Abdul-Karim Ali, quoted at al-Ahd, a Hezbollah-run news website, contended that his nation could make “a surprise decision to respond to the aggression of the Israeli warplanes,” adding that ”Syria is engaged in defending its sovereignty and its land.” In Iran, a deputy foreign minister was quoted by English-language Press TV as saying the “strike on Syria will have serious consequences for Tel Aviv.” He did not elaborate. ["Israel Threatened by Syria and Iran", FrontPageMag.com]
Is my apocalyptic vision, which begins with a chemical SCUD missile attack on Israel, about to unfold?
I hope and pray not.
God have mercy on our souls...