http://stockcharts.com/freecharts/pnf.p ... 0!!2!20%5D
WoW! Still looking bullish. Note the H & S top that failed big time! It is sometimes said that a failed H & S is a warning of weakness ahead.
The S & P and the Dow are running free above previous highs unlike FTSE which is up against the big resistance of the tops in 2000 and 2007.
OC
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DJ Industrial
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Re: DJ Industrial
The DJIA is now flirting with the 20,000 point level on a CAPE of 27. If the CAPE reverted to it's long term average of 16 the DJIA would fall to around 12000 points.
Just a thought!
Just a thought!
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