What the gurus have said

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Since the March's low (now we know), at various stages of the market, the gurus have their respective views on the market's direction. But the subsequent market development can be a much different story. It just shows the difficulty in making the right market calls. It is impossible to have a 100% record for correct market calls.

The question at this juncture is whether Dow can break the upper trend line. I don't think it is possible, but, there is always a but in stock market.