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Wednesday, October 08, 2003

Dow Sets Up For A Breakout

The Dow is getting ready to manage a breakout. Once that occurs, new upside targets will be put in and those short will have to establish new long positions and close out their shorts. Be prepared for this move. Although the breakout may turn out to be a false one, we'll only know that in retrospect. Many will see the breakout as evidence you have to be 100% long the market, the last step needed for this rally to finally end. VIEW CHART

Posted by Kirk at 8:13 AM in Charts | Bookmark | Feeds | Link |

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