Note that the Dow is trading at the top of a trend channel, drawing a trend line through the April top and the July top. This is another good illustration that after the markets moved sideways for four months over the summer, the trading has now moved back up to what the upward trajectory would have been. This makes for being prepared for some profit-taking soon.
December 7th Daily Market Comments
Note that the Dow is trading at the top of a trend channel, drawing a trend line through the April top and the July top. This is another good illustration that after the markets moved sideways for four months over the summer, the trading has now moved back up to what the upward trajectory would have been. This makes for being prepared for some profit-taking soon.