DOW in review
Here is the chart from September:
Below is the chart today, over 1,000 bullish points later. Proof that impulsive behavior can sustain itself for long periods of what some might describe as ‘overbought’. The trend is your friend, and support is support until it isn’t. Simple stuff. Exploit it!.
Note my quote back in september that accompanied the above chart:
Here’s what I’m seeing as possible this morning. Triangle targets 12100 on the Dow. A parallel channel line targets even higher. Just a matter of how long it keeps the impulsive count going, and how impulsive it’s going to get.
