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.


Dow,weekly


Summary

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


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