Actually, the high from interday trading was more like 11,750 (this is from the same day in January, 2000 when it had the record close).
Exactly, and not an insignificant distinction. Lets wait and see the close before we get too excited.
Usually new highs are achieved after sell programs at the top are consumed.
You're correct, but I doubt either of us wants to kill the buzz in here because everyone's good mood and optimistic outlook is justified. The Dow reached an all-time intraday high of 11750.30 on Jan. 14, 2000; the all-time closing high of 11722.98 occurred the same day. We'll see where the Dow trades intraday and closes before making a new entry in the record book.
Actually, one needs to adjust the DJIA to take account of the US inflation during the interim. That factor is .855 accounting to the Ministry of Truth. Hence, the real number should be 11750/.855 or 13742.
Don't get too excited about today's breach of a non-adjusted number.