Thursday, February 13, 2014

 

Crash alert: Watch what happens this weeks very closely

I really should start calling these volatility alerts because the market has tended to move violently up when it hits the trend line that has been supporting this market for the past two years.  Now is no exception.  The rally that begin late last week did a lot of damage to the case that a high was made on at the end of December at 16,588 on the Dow.  Not completely destroyed but we are going to need to see a pull back pretty soon.   At least this market is much more exciting than the boring bull market of the past few months even if the bull hasn't been broken. 

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