CLICK ON CHART TO ENLARGE The chart above reflects that since the late 1800′s, the Dow has experienced three periods where it traded sideways, ranging from 13 to 17 years. The S&P 500 finds itself within a few percentage points of where it was 13 years ago. The prior sideways markets resulted in upside breakouts. [...]
CLICK ON CHART TO ENLARGE As we approach the end of another month, I thought it might be interesting to look at the above “Monthly Closing” chart on the Dow, dating back 100 years. As the Dow is closing the month, last nights closing price was within 24 points of the 2007 monthly closing high. [...]
CLICK ON CHART TO ENLARGE Notice that the markets have been a little boring of late, not much upside/downside action is taking place recently! Could it be due to the monster patterns taking shape in the Dow above? The rising wedge pattern above reflects that key support and resistance are very near, which could be [...]
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