Friday, September 07, 2012

Oops! Is the Dow the Dominant Descriminator This Time?

Yes, the S&P 500 index closed at a multi-year high yesterday, but for once I think I should have been watching the Dow Jones Industrial Average instead.

The Dow has bumped into an overhead resistance line that's been tested several times as far back as March. If the Dow breaks through, then there will be no more trend-line arguments against a new rally.

No comments: