Friday, 20 December 2013

1pm update - a very strong Dow

The Dow is now up over 520pts this week.. that is a very impressive 3.3%, and the weekly charts are absolutely clear. We have a breakout in November..and then a successful back test. We're now soaring into next year. Upside by late spring is 17000/500.



The remaining doomer bears should go stare at the above chart for a good hour.

Notable weakness: Ford

Target remains the low 14s..before upside into the late spring.