ralph acampora said 20,000 is not as far off as you think. he joins us with more. have been bullish for some time now. you called it on this program a long time ago, saying the dow 15,000 is going to be here soon. it sure is. we hit it today. when are you expecting 20,000? >> by the year 2017, maria. you want to know why? >> yes, i do. >> i'd like to throw cold water on the arguments we just heard before i get on this show. the two people that were discussing and rightly so, discussing all the problems with the fed, et cetera, et cetera. i think the united states of america, the country we love so very, very much is on the threshold of becoming energy independent. now, stop for a second and think about what that means. that means the money we save on importing oil and the revenues that we're going to make on exporting energy is going to be magnanimous. if that happens, i know it will happen, all the concern about budget deficits things like that, i think it muted in a big way and the market looks ahead, maria. that's what it's looking at. it's looking at something

tim leetch, sean darbi of jeffries, and ralph acampora. so what is the eventual needle that bricks this balloon? and we'll start with you, ralph. >> i don't know. honestly, i think things are great. i love it when people keep talking about a 10 to 15% correction. i love it with the cyclicals moving now. we've gone from four years of disbelief, and now we're in the early stages of belief. i think we've got a lot more to go. >> how are we in the early stages, ralph? we're at the point now, and listen, i learned this from you, as many people on wall street did, you have have been the mentor to so many technicians out there. i don't count myself as a technician, but as a student of market psychology, aren't we at the point now where so many people, yeah, there are plenty of people expecting a correction, but there are so many people who are starting to believe that this market can only go higher from here. >> yeah, you're right. they're starting to believe. now, when you look at all the cash on the sidelines, the public's not in this market, bi

. >> say good-bye to ralph acampora for me. >> i will be competing with the marrichhi band. >> you areby the way. logic said to you at one point, it's gone far enough, it's too risky. yet it keeps going higher. >> so the long positions have worked out beautifully well. the internals are saying rotation. you are seeing utilities on the downside. that says the investors and equities are taking out a lot more risks. >> that says to some people, we are not going to see a traditional correction. because this market has been correcting as we go along. you see one sector fall by the wayside as another one surges ahead here. this is what happened with apple and exxon, right? >> absolutely. and i don't dispute that argument. however, the pullback in the utilities and the like and the te telecoms has been less than 1%. like i said, it's been a great run. i don't want to spoil i. i'm not putting any more money to work. >> have a good weekend. up 40 point. it will be a record high. not 15,000. that will have to wait. the s&p first time ever closing above 1,600. get ready for ralph acampora's progn